Turkey Will Have 0 Emissions by 2030Sat, Nov 19, 2022 12:00 AM
It was determined that Turkey can achieve net zero emissions by 2050. The country needs to increase its capacity in solar, wind, and storage technologies while reducing fossil fuel consumption.
In Turkey's Decarbonization Roadmap: Sectoral Cost-Benefit Analysis report, the investment need between 2020 and 2030, which is the last updated data of Turkey, was calculated. The report was prepared by Sabancı University Istanbul Policy Center (IPC), and it was presented at the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27).
According to the report, Turkey can achieve net zero emissions in 2050 with an investment cost of 101 billion dollars in energy, transportation, buildings, industry, and other production industries.
1,350 Million Tons of Carbon Emissions Will Be Prevented
This transformation will help Turkey to prevent 1 billion 350 million tons of carbon emissions. Accordingly, Turkey will be able to reduce its carbon emissions by 32% compared to 2018 data.
The electricity sector needs an investment of 36.5 billion dollars by 2030. However, this investment cost will decrease to 29 billion dollars because of the decrease in coal and natural gas consumption. As we all know, the electricity sector is the most important in the transformation necessary to combat the climate crisis and Turkey is taking firm steps in this regard.
These investments also affect other relevant sectors such as transportation, construction, industrial and other production sectors.
Turkey Is Investing in Storage Capacities
According to the report, Turkey will be generating an additional 28 gigawatts of solar energy and an additional 23 gigawatts of wind energy. In order to efficiently use these generated energies and decrease operation costs, the country already started to invest in storage capacities.
The editor of the report, Ümit Şahin also states that the 10-year transformation cost is approximately one percent of Turkey's national income. These investments and plans are quite realistic, and they can be considered a great contribution to combatting the climate crisis.
Besides numerous benefits to the environment, these investments will also attract more investors to Turkey, especially in the real estate market. There is no doubt that the Turkish real estate market will enjoy the benefits of these plans.