Türkiye to Invest Over $20 Billion in Energy Efficiency Projects by 2030
Türkiye: The Second National Energy Efficiency Action Plan foresees an investment of $20.2 billion in all sectors between 2024 and 2030. By implementing our action plan, we will reduce our energy consumption by 16% by 2030 and contribute to a reduction of 100 million tons of emissions. To achieve these goals, the public and private sectors will invest $20 billion in energy efficiency by 2030. Over the past two decades, Türkiye has emerged as one of the top Organisation for Economic Co-operation and Development (OECD) countries in improving energy efficiency, achieving a reduction in energy intensity of more than 30%. In 2023, Türkiye achieved a 4.5% energy savings rate, exceeding the global average of 1%. The plan includes grants of up to TL 21.6 million (approximately $610,000) per project for offices, business centers, shopping malls, hospitals, and large campuses. By 2026, all new public buildings must obtain green building certification, with an expected annual savings of TL 1.5 billion ($ 41 million approx).
Source: Daily Sabah