Türkiye joined the Paris Agreement in 2021, reshaping its approach to climate change. This shift isn’t just about the environment; it’s tied closely to the economy. By aiming to limit the global temperature rise to 1.5 degrees Celsius, Türkiye is focusing on how climate issues affect its production, trade, and finances.
The global economy faces challenges such as trade tensions, the Russia-Ukraine conflict, and uncertain policies. These elements create a volatile landscape where access to energy and climate change impacts are crucial topics. Therefore, climate policies have become vital for sustainable development and energy security.
In Türkiye, the government has included climate measures in its development plans, aiming for a balance between economic growth and global responsibilities. Climate-related topics are emphasized multiple times in these plans. The aim is sustainable development through a shift to a low-carbon economy that can withstand climate change impacts.
To achieve this, Türkiye plans to boost renewable energy’s share in electricity production from 40% to 50%. Efforts include increasing battery storage to 5,000 MW and improving waste management. This shift indicates Türkiye is prepared to align its energy sector with climate policies. However, it also requires new technologies and funding strategies.
Önder Ayvaz, a clean energy expert, notes that Türkiye must consider sector-specific costs and benefits. Industries like energy, transportation, and agriculture need to adapt. The European Union’s Carbon Border Adjustment Mechanism (CBAM) presents both a challenge and an opportunity. While some Turkish industries might profit from lower carbon intensity, others face potential cost increases due to tighter EU regulations.
International cooperation remains essential. Türkiye will host the COP31 climate conference in 2026, which could enhance its role in global climate governance. This summit will bring together leaders and experts to discuss financing, investment standards, and regulations surrounding carbon markets. It represents a diplomatic success for Türkiye, allowing it to shape economic policies for the green transition.
The COP31 conference is also a chance for Türkiye to strengthen its position in sustainable finance and investments. The world is moving towards trillion-dollar climate finance initiatives, shaped by systems like emissions trading and green bonds. Türkiye’s leadership at COP31 can help direct these financial flows towards developing nations.
As geopolitical risks rise, achieving energy security while addressing climate change becomes more complex. The emissions trading system will be pivotal in attracting investment. A well-structured tax system based on emissions intensity will support both the automotive sector and alternative fuel sources.
Technological innovation is crucial for sustaining the green transformation. Supporting research in low-carbon technologies, energy efficiency, and innovative energy sources will enhance Türkiye’s manufacturing strength globally. By integrating green technologies and digital solutions, emission reductions can become more cost-effective while improving efficiency.
To meet its 2053 Net Zero Emissions Target, Türkiye must update its climate strategy and interim goals. This approach will help align economic initiatives with climate objectives, aiming for an investment-driven transformation that doesn’t hinder growth.
For more on the impact of climate policies, visit trusted resources like UN Climate Change.
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COP31,Türkiye energy sector,climate change,net zero emission
