Turkey is strategically investing in a significant green transformation, a key part of its growth strategy. At the Climate Development Summit, Trade Minister Ömer Bolat underscored that this transformation, centered on renewable energy and innovative technologies, is not just a trend but a strategic move towards a carbon-neutral economic structure. This aligns with Turkey’s 2053 net-zero carbon target and includes initiatives like improving energy efficiency, digital transformation, and reducing fossil fuel dependence. Turkey’s efforts are also in sync with the European Union’s Green Deal, which aims to reduce carbon emissions and bring trading partners into this green framework. The EU’s upcoming Carbon Border Adjustment Mechanism (CBAM), set to take full effect in 2026, will impose a carbon tax on imports from carbon-intensive industries. This move will significantly affect sectors like steel, aluminum, cement, and fertilizers. Minister Bolat highlighted that Turkey’s exports to the EU amount to billions of dollars, and adapting to the CBAM will require Turkish industries to improve sustainability and reduce their carbon footprints. Turkey is addressing these challenges by investing in electric vehicles, renewable energy systems, and battery technologies, making significant strides in energy production from clean sources such as wind, solar, and geothermal. With over 40% of Turkey’s energy now derived from renewables, the country is not just adapting but positioning itself to lead in the global market for green technologies, boosting its global competitiveness. Additionally, Turkey is offering support mechanisms for exporters through programs like the ‘Responsible’ Support Program. This program provides financial incentives and technical assistance to businesses, helping them reduce their carbon emissions, increase energy efficiency, and meet international environmental standards. These measures are essential for Turkey to align its production processes with global trade standards, ensuring environmental sustainability and continued economic growth. Turkey’s green transformation is not just an environmental policy; it’s a critical component of its economic strategy, driving innovation and fostering international cooperation. This emphasis on collaboration is a key factor in the success of Turkey’s green transformation, making it a model for other countries to follow. Sources: https://www.azernews.az/region/235691.html https://unfccc.int/sites/default/files/NDC/2023-04/T%C3%9CRK%C4%B0YE_UPDATED%201st%20NDC_EN.pdf http://www.tebanews.com.tr/read/0000421974 https://carnegieendowment.org/research/2024/02/understanding-the-energy-drivers-of-turkeys-foreign-policy?lang=en¢er=europe
Mar. Gen 7th, 2025
