The key facts

  • Turkey presented its climate strategy to 2040 at COP31 in Antalya
  • The goal is a fourfold increase in solar and wind power capacity
  • The head of the Investment and Finance Office staked on attracting foreign direct investment

Strategy 2040 on the global stage

At the 31st Conference of the Parties to the UN Framework Convention on Climate Change (COP31), which is taking place in Antalya, Turkey presented its long-term climate and energy strategy to 2040 to global investors. The key goal is a fourfold increase in capacity in both solar and wind energy. According to the head of Turkey's Investment and Finance Office, Ahmet Burak Dağlıoğlu, achieving these targets will require coordination among all government agencies.

A bet on foreign capital

Dağlıoğlu said that the office intends to increase the inflow of capital from different regions and expand climate projects in the country. Institutions and investors financing green initiatives, in his words, play a key role in covering capital needs through foreign direct investment. He also noted that the annual work of attracting investors around the world, including inviting them to the COP31 venue, is part of the president's vision.

What has been done and what was presented

Dağlıoğlu emphasized that the 2040 targets build on work begun after the adoption of the key energy law in 2005, which accelerated Turkey's transition to renewable energy sources. In his assessment, Turkey ranks among the countries with the highest share of renewable energy among comparable states. Among the arguments presented to investors, he cited the company Togg — one of Europe's largest electric vehicle manufacturers, whose launch became an important milestone in the country's transition to electric mobility.

Circular economy and Zero Waste

A separate topic of the presentation was the circular economy. Dağlıoğlu recalled that the Zero Waste project, launched in 2017 under the leadership of the wife of Turkey's president, Emine Erdoğan, has achieved a high level of recycling, and the country has received numerous investment projects in recycling and upcycling. 'Turkey has a story to tell on all the goals related to sustainable development,' he said, calling COP31 a key platform for showcasing these achievements.