Turkey’s Bayraktar on Financing Energy Transition

Turkish Energy Minister Alparslan Bayraktar announced Turkey is targeting a 36% electrification rate by 2040 to reduce its annual energy import bill, which he said reaches up to $100 billion. Speaking at COP31 on Tuesday, Bayraktar said scaling up renewables and nuclear power with multilateral financing support would help narrow Turkey's current account deficit and strengthen energy independence.

• Bloomberg — Turkey’s Bayraktar on Financing Energy Transition

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