Turkey is set to make USD 20 billion of energy efficiency investments by 2030, Energy and Natural Resources Minister Alparslan Bayraktar said. Speaking at the launch of “Türkiye’s 2030 Energy Efficiency Strategy and Action Plan” Bayraktar told that USD 46 billion worth of energy savings will be achieved by 2040.
Bayraktar said that Turkey meets its energy needs with cleaner sources, thus reducing emissions and ensuring energy transformation.
Stating that energy efficiency practices are the supporter of the net zero transformation on the supply side and complementary on the demand side, Bayraktar said that energy efficiency will be one of the most important policy tools for supply security, competitiveness of industrialists, reducing foreign dependency and minimizing the effects of climate change until 2030.
Bayraktar pointed out that Turkey was one of the two countries in the world that improved its energy intensity the most for two consecutive years in 2021 and 2022, and said, “While the global energy intensity improvement was 2 percent on average in 2022, our country’s energy intensity fell by 6.2 percent, showing a record improvement.”
Stating that Turkey has initiated a new energy efficiency movement in line with the 2053 net zero climate targets and in line with its sustainable and environmentally sensitive energy policy, Bayraktar said: “In this direction, we are starting to implement Turkey’s Energy Efficiency 2030 Strategy and the Second National Energy Efficiency Action Plan, which will be implemented between 2024 and 2030, in order to carry the gains we have achieved further in the Turkish Century.”
Goal is 46 bn of energy savings by 2040
Emphasizing that they have set 10 strategic goals and 23 targets within the scope of the new plan, Bayraktar said: “With the implementation of our action plan, we will reduce our energy consumption by 16 percent until 2030 and contribute to the reduction of 100 million tons of emissions. To achieve these goals, the public and private sectors will invest USD 20 billion in energy efficiency until 2030. Thus, we will create new job opportunities by supporting companies operating in the field of energy efficiency, and thanks to these investments, we will save USD 46 billion worth of energy by 2040.”