Türkiye joined the Paris Agreement in 2021, making climate change a key part of its economic strategy. The country’s goal is to keep the global temperature rise below 1.5 degrees Celsius. This commitment affects everything from production to trade and public finances.
Today, global trade tensions and conflicts, like the ongoing Russia-Ukraine situation, are creating uncertainty. Access to energy resources and the economic effects of climate change are front and center. In this climate, policies must address not just environmental issues but also energy security and sustainable development.
### Climate Policies in Türkiye
Türkiye is gradually building its climate policies through development plans, focusing on balancing global responsibilities with economic growth goals. References to climate-related issues appear frequently in the 12th Development Plan, highlighting their strategic importance. The nation aims for a sustainable future by moving towards a low-carbon economy while addressing climate impacts.
To achieve this, Türkiye plans to boost renewable energy use in electricity production from 40% to 50%. Efforts include increasing battery storage capacity to 5,000 MW and improving waste management systems. As renewable energy capacity grows, Türkiye is well-positioned to align its energy sector with climate policies, though it still needs technological upgrades and sustainable funding.
Addressing emission reductions will require targeted actions across various sectors such as energy, transportation, and agriculture. The European Union’s Carbon Border Adjustment Mechanism (CBAM) poses a significant challenge for carbon-intensive industries. Some sectors are keenly aware of the potential costs associated with these changes, while a few may benefit from lower carbon intensities.
### Türkiye at COP31
Collaboration is vital for tackling climate change. Türkiye is set to play a key role at COP31, the global climate conference it will host in 2026. Leaders, bureaucrats, and private sector representatives from around the world will discuss climate economics, investment standards, and the macroeconomic impacts of a green transition. Hosting the event in Antalya and Istanbul aims to position Türkiye as a regional center for climate finance.
COP31 is significant not only for its diplomatic value but also for its potential to direct financial flows toward green initiatives. Climate finance is evolving, with trillions of dollars at stake in carbon markets and sustainable investments. Türkiye’s leadership can help make these flows more accessible to developing countries.
### Energy Security and Future Strategies
As geopolitical tensions rise and the world shifts towards a multipolar order, energy security becomes more precarious. In response, a multi-faceted approach to policy is essential. Implementing an emissions trading system will help attract investments, focusing on sector-specific support. Enhancing research and development for low-carbon technologies and energy efficiency is crucial for boosting Türkiye’s manufacturing sector.
Adjusting the Long-Term Climate Change Strategy to meet the 2053 Net Zero Emissions Target will be key. By aligning climate goals with economic strategies, Türkiye can foster an investment-driven transformation without hampering growth.
In a rapidly changing world, Türkiye’s climate policies will play an essential role in shaping a sustainable future. Balancing economic growth with environmental responsibility is not just necessary; it’s a pressing opportunity to lead the way in global climate efforts.
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