Renewable Energy Contributions to Turkey’s Economic Framework

Authors : Souhir NACEUR, Emna NOURI, Ghazale JAFARI, Erhan DEMIRELI

Pages : 21-29

View : 7 | Download : 11

Publication Date : 2024-12-31

Article Type : Research Paper

Abstract :This article offers an overview of the policies implemented by the Turkish government in the renewable energy sector, and how investments in this realm can affect the economic growth of the country. In the last fifteen years, the renewable energy sector has gained more importance and has witnessed many improvements mainly as the focus of most countries in the world has shifted from non-renewable and fossil fuel energy to green and eco-friendly solutions. Turkey’s dedication to enhancing its renewable energy portfolio and the government’s initiatives and investments in this field like reforming the energy market, diversifying the country’s energy mix and implementing supportive policies for investments in the renewable energy sector, all that have contributed to making the country one of the leading countries in the sustainable energy realm. This article will help researchers and policymakers use Turkey as a source of inspiration when it comes to implementing eco-friendly regulations and help them see how investment decisions in this field can boost economic growth. The article mainly gives an overview of the effectiveness and the design of the Turkish government’s renewable energy strategies and policies. The study also gives an updated image of the renewable energy sector production in Turkey with also some recommendations in order to overcome some challenges the country still faces in this field.
Keywords : Policy, Renewable Energy, Turkey, Investment