Turkey’s renewable energy investments attract international attention, said Ibrahim Öztop, General Manager of the Turkish Development and Investment Bank.
On the sidelines of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 29) in the Azerbaijani capital Baku, Öztop stressed the importance of the conference, which brings together many officials and experts, especially in the field of environmental economics.
He added: “International development organizations also have a major role in this regard. When we look at the resources they provide, especially in terms of climate finance, they provide significant resources to many different countries, especially developing countries.”
He explained that they at the Turkish Development and Investment Bank are trying to find investment resources from institutions such as the World Bank and the Asian Infrastructure Investment Bank.
He pointed out that they have brought resources worth about $5 billion to Turkey in the last 5 years, and that they continue to work on financing renewable energy, energy efficiency and biodiversity.
He added that he noticed during his meetings with foreign officials on the sidelines of the conference that there is great interest in Turkey.
-Advertisement-
He added: “Turkey stands out with its dynamism and the things it has done so far, and international development banks consider it an example to be followed in developing countries, there is a very great interest in Turkey.”
He pointed out that he recently participated in the meetings of the International Monetary Fund and the World Bank, where he noticed that there was also a very serious interest from investors there in Turkey.
Pointing out that foreign officials are closely interested in the green transformation process in Turkey, Öztop said, “Our government has a serious will in this regard and political support behind us, so I believe that we will be able to mobilize resources.”
The 29th Conference of the Parties is the most important meeting in the world on climate change and is led by the United Nations. The word COP stands for “Conference of the Parties”, meaning the countries that have ratified a treaty called UNFCCC (United Nations Framework Convention on Climate Change).
The conference continues until November 22, where the focus is expected to be on setting new targets for climate finance and supporting the efforts of developing countries to mitigate the effects of climate change and adapt to its current and future impacts.
