Ahmet Burak Daglioglu, president of Türkiye’s Investment and Finance Office, said Türkiye has attracted 94 climate-friendly projects so far under the climate investment priority of its international direct investment strategy through 2028.
Daglioglu said the summit gives international companies and financial groups a chance to assess business opportunities in Türkiye. He made the remarks at Investment Summit Towards COP31 in Istanbul. Anadolu Agency covered the event. Climate-friendly investment is a priority under Türkiye’s international direct investment strategy through 2028, he said.
His pitch covered renewable-energy equipment manufacturing, electric mobility and recycling. Türkiye has Europe’s largest solar-panel production capacity, and its wind-equipment makers serve domestic and overseas customers, Daglioglu said. Battery production capacity is expected to expand. He said automotive policies aim to help established manufacturers adapt while making room for newer entrants such as electric vehicle maker Togg.
Under the Zero Waste initiative, which began in 2017, 90 million tons of waste have been recycled, Daglioglu said. He put Türkiye’s recovery rate at about 37% and said the goal is to reach 60% by 2035.
Mehmet Emin Birpinar, Türkiye’s special representative for COP31 at the Environment, Urbanization and Climate Change Ministry, described climate action as an economic opportunity. He compared the current transition with industrialization and the spread of information technology, which he said helped countries build wealth. He warned Türkiye could fall behind if it misses this transition. Birpinar said emissions should be reduced alongside efforts to adapt infrastructure and economic activity to changing climate conditions. Rising demand for cooling can increase electricity use and, where fossil fuels supply that power, emissions.
The COP31 Presidency has set three climate benchmarks for 2035. The United Nations Framework Convention on Climate Change lists the conference in Antalya for Nov. 9-20. A World Leaders Climate Action Summit is scheduled for Nov. 11-12 during the meeting, according to earlier EconoTimes coverage.
