Turkey: Building a Market for Renewable Energy and Energy Efficiency
Boosting the Power Supply and Moderating Demand
Turkey’s energy policy priority has been to increase the energy supply to fuel the strong economic growth of the last decade. As energy demand is expected to grow further, reliance on imported fuel exposes Turkey to vulnerabilities by increasing the current account deficit as well as the environmental consequences, especially on greenhouse gas emission growth. Turkey also has room to improve energy efficiency, which will reduce the energy intensity of the economy and increase its competitiveness. With the enactment of the Renewable Energy Law in 2005, the government refocused its policies to promote private sector investments in renewable energy and energy efficiency.
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