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Turkey’s Energy Policy, Regional Role and Future Energy Vision

This article brings internal and external aspects of Turkey’s energy policy into sharp perspective by summarizing trends and practices. A brief analysis of past performances and existing targets for the short and medium term will greatly contribute to evaluating Turkey’s energy market. Today, Turkey’s energy market is one of the world’s fastest growing markets in terms of demand and supply. Turkey is a country with vast renewable energy resources and it has been trying to fully maximize this potential. Recent prestigious projects, notably the Nabucco pipeline project, are representative of Turkey’s heightened energy diplomacy initiatives. Such projects can significantly contribute not only to strengthening energy security in the region and the world, but also to expanding peaceful interactions between Eastern and Trans-Atlantic values resulting in a sustainable confidence building environment.

Turkey s Energy Policy Regional Role and Future Energy Vision
Based on the types of incentives Turkey provides for renewable energy, it has the potential to become a key destination for clean energy investments in the future.
 

Energy has a pivotal role in every society, touching upon all aspects of life and facilitating a sustainable economic and social development, which in turn enhance the welfare of people and consolidate the country’s standing in the world. The new concepts of the world energy require a shift of position in mind and strategic orientation. We are at the edge of a new energy revolution, driven by the world’s need for affordable energy and by the real threat of climate change. The coming decades are likely to bring about huge changes in the world’s energy system. Future energy policies will be driven by the triple challenges of achieving substantial reductions in emissions of greenhouse gases, while ensuring a secure supply of energy, all at a reasonable cost.

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