Türkiye's Green Transformation: Aligning with the European Green Deal for Sustainable Development
Key Ideas
  • Türkiye's FDI Strategy 2024-2028 prioritizes green transformation in key areas like renewable energy, circular economy, and green finance to align with the EU's European Green Deal.
  • Emphasis is placed on attracting high-quality FDI through environmentally friendly policies, low-emission production techniques, and alignment with global standards such as the EGD.
  • Specific actions include creating a National Green Taxonomy, simplifying processes for renewable energy projects, and incentivizing investments in green technologies to boost the country's green economy.
  • The expected outcomes range from economic growth and job creation to environmental benefits like reduced carbon emissions, cleaner air and water, and improved public health, highlighting a positive outlook for Türkiye's sustainable development.
The European Union's European Green Deal (EGD) serves as a blueprint for achieving carbon neutrality by 2050, and Türkiye's alignment with this initiative through its Foreign Direct Investment (FDI) Strategy 2024-2028 underscores a strong commitment to green transformation. The strategy focuses on areas such as renewable energy production, circular economy practices, and green finance development to position Türkiye as a leader in environmentally sustainable practices and attract FDI. By integrating environmentally friendly policies, low-emission production techniques, and global standards like the EGD, Türkiye aims to enhance its competitiveness and contribute to a greener, more resilient economy. Key actions outlined in the FDI Strategy include establishing a National Green Taxonomy, streamlining processes for renewable energy projects, and providing incentives for investments in green technologies. These measures aim to create an efficient investment environment and attract high-quality FDI projects supporting the transition to a sustainable economy. Additionally, Türkiye plans to promote a circular economy, enhance sustainability reporting standards, and encourage investments in energy-efficient technologies through legislative support. Focused on attracting 'Quality FDI' projects, Türkiye has seen investments in renewable energy sources, technologies for green energy generation, e-mobility, the circular economy, environmental technologies, and energy efficiency enhancements. The expected outcomes of the FDI Strategy span economic, environmental, and social dimensions, including economic growth, job creation, lower carbon emissions, cleaner air and water, and improved public health. By prioritizing renewable energy and circular economy practices, Türkiye aims to reduce its environmental impact significantly and enhance its attractiveness to green investors, fostering a sustainable and resilient economy.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.