EU Steps Up Investment Efforts in Türkiye’s Green Transition

(MENAFN) The European Union is stepping up its investment efforts in Türkiye as part of the country's ambitious green transition, aiming for net-zero emissions by 2053. This move comes as Türkiye advances towards sustainability, with a particular focus on the modernization of infrastructure and the expansion of green energy initiatives.

Speaking at the Sustainable Transport Summit in Istanbul, hosted by the Green Development Foundation (Yekav), Maria Luisa Wyganowski, Head of Cooperation at the EU Delegation to Türkiye, highlighted the EU’s ongoing collaboration with the country. Wyganowski noted that since the launch of the Instrument for Pre-Accession Assistance (IPA), the EU and Türkiye have maintained a strong partnership.

The EU and Türkiye have closely collaborated, particularly since the introduction of IPA funds, and this partnership will persist as both parties advance sustainable development and drive green transformation.

With a strong emphasis on the European Green Deal, the EU is looking to increase investments in Türkiye’s transition to a green economy, focusing on sustainable transportation and renewable energy. Türkiye, strategically positioned at the crossroads of Europe and Asia, is particularly well-suited for such investments due to its expanding energy and transport infrastructure.

As part of the Green Deal, the EU intends to modernize rail networks, expand electric vehicle (EV) charging infrastructure, transition to greener public transport systems, and ramp up renewable energy investments. Türkiye is expected to see funding for these initiatives in the near future.

Green Transition Key to Export Success
For Türkiye, transitioning to low-carbon production and environmentally friendly transport is not only crucial for domestic sustainability but also for maintaining its competitiveness in the EU market. With the Carbon Border Adjustment Mechanism (CBAM) on the horizon, Türkiye’s green transformation will play a vital role in ensuring continued access to EU markets.

In an interview with media, Wyganowski emphasized the importance of Türkiye’s sustainability efforts in achieving its net-zero emissions target by 2053, noting that these efforts align with broader EU goals. The EU is also collaborating with Türkiye on a variety of initiatives, including railway modernization, transportation, maritime cooperation, and emissions trading.

A Call for Private Sector Involvement
While public funding has been essential, Wyganowski pointed out that more emphasis needs to be placed on attracting private sector investment to meet sustainability goals. She urged businesses to step up, as public funds alone will not suffice to cover all required investments.

"Public funds are just a part of the solution," she stressed. "Private sector involvement is key to reaching the ambitious targets both the EU and Türkiye have set for the green transition."

Wyganowski further underscored that climate change is a global challenge that requires international cooperation. The EU remains committed to working closely with Türkiye and the private sector to achieve long-term environmental goals.

Wyganowski emphasized that the EU and Türkiye are key partners in the green transition, with a strong mutual interest in investment. She highlighted their commitment to collaborating for a sustainable future.

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