Türkiye commits to $20 billion energy efficiency projects by 2030

Türkiye plans to invest more than $20 billion in energy efficiency projects by 2030, focusing on significant savings in key sectors like industry, buildings, and public lighting, according to an expert from the Ministry of Energy and Natural Resources.

Bilal Düzgün, head of the Ministry's Energy Efficiency and Environment Department, said that a total of $8.5 billion was invested in energy efficiency between 2017 and 2023 under the country's first National Energy Efficiency Action Plan, News.Az reports, citing Turkish media.

He emphasized the country's commitment to expanding its energy efficiency projects under the second action plan.

"The Second National Energy Efficiency Action Plan foresees an investment of $20.2 billion in all sectors between 2024 and 2030," Düzgün told Anadolu Agency (AA).

He underlined that energy efficiency is crucial for sustainable development and combating climate change.

"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%," he said.

In 2023, Türkiye achieved a 4.5% energy savings rate, exceeding the global average of 1%.

Offices, business centers, shopping malls, hospitals, and large campuses are all eligible for grants of up to TL 21.6 million (approximately $610,000) per project, Düzgün said.

He emphasized that "by 2026, all new public buildings must obtain green building certification, with an expected annual savings of TL 1.5 billion."

Additional regulations for new buildings include raising the renewable energy usage requirement from 5% to 10% and upgrading the energy performance certificate standard from Class C to Class B, he added.

News.Az