Istanbul:Trkiye is positioning itself to attract international green investments and accelerate industrial transformation as it prepares for the COP31 summit. Officials highlight that the conference presents significant opportunities in renewable energy manufacturing, electric mobility, and recycling.
According to Anadolu Agency – English, Ahmet Burak Daglioglu, president of Trkiye's Investment and Finance Office, stated at the Investment Summit Towards COP31 in Istanbul that the event will showcase the country's investment potential to global businesses and financial providers. He emphasized the importance of effectively communicating Trkiye's green transition policies to international partners.
Trkiye is focusing on climate-friendly investments as a priority in its international direct investment strategy, with 94 projects currently aligned with these goals. The country's ambitions include not only generating renewable energy but also manufacturing the necessary equipment. Trkiye boasts Europe's largest solar panel production capacity and a significant wind energy equipment manufacturing ecosystem that serves both domestic and international markets.
Additionally, Trkiye plans to expand its battery production capacity while supporting the transformation of existing automotive manufacturers and new electric vehicle producers like Togg. Recycling and upcycling opportunities are also being pursued, with the Zero Waste initiative launched in 2017 having recycled 90 million tons of waste and achieving a recovery rate of 37%, with aims to increase it to 60% by 2035.
Mehmet Emin Birpinar, Trkiye's special representative for COP31, noted that climate action offers economic opportunities and is not an obstacle to development. He warned that failing to transition could leave Trkiye behind as global financing flows towards green development. Birpinar stressed the importance of reducing emissions and adapting infrastructure to cope with changing climate conditions, noting the increased energy consumption due to rising cooling demands.