Tuesday, 02 January 2024 12:17 GMT

Türkiye Presents Its Green Energy Ambitions at COP31


Date:

(MENAFN) Türkiye has presented its long-term environmental and energy strategy to international investors, highlighting its 2040 sustainability ambitions during the 31st United Nations Climate Change Conference (COP31), hosted in Antalya.

The country's roadmap includes plans to expand its solar and wind power generation capacity by four times, an objective that requires coordinated action across government institutions.

As part of its efforts to attract international investment, Türkiye's Investment and Finance Office is working to encourage greater capital flows from different regions and support the development of environmentally sustainable projects, according to reports citing the office's head, Ahmet Burak Daglioglu.

During discussions on the sidelines of the conference, Daglioglu explained that the country's 2040 objectives represent an extension of its renewable energy development efforts, which gained momentum after the introduction of a major energy legislation in 2005.

“Türkiye is one of the countries with the highest share of renewable energy among peers worldwide,” he said.

He also highlighted Türkiye's growing presence in the electric vehicle industry, pointing to domestic manufacturer Togg, which ranks among Europe's largest electric vehicle (EV) producers.

The establishment and expansion of the national automotive brand represents an important development in the country's efforts to accelerate the adoption of electric transportation and strengthen its wider transition toward cleaner mobility.

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