NewsTurkey's Ambitious $20 Billion Investment Plan for Energy Efficiency by 2030

Turkey’s Ambitious $20 Billion Investment Plan for Energy Efficiency by 2030

Home Fossil Energy Türkiye’s new energy efficiency⁢ roadmap ⁤envisions $20 billion investment by 2030‍

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January 10, 2024,
by
Melisa Cavcic

On a mission to⁤ diminish ‍its reliance on energy imports, Türkiye is pulling out ​all the stops to fortify⁢ its energy ‌security. ⁤The ⁣country’s latest ‍move brings ​its brand-new energy efficiency ​roadmap and action plan to light, unveiling a $20 billion investment, which is expected to not only open doors to ⁤new job opportunities but also enable energy savings worth $46 billion⁤ by ⁣2040. This comes shortly after ‍Türkiye disclosed plans to ramp up its ⁣underground natural gas storage capacity and become one of the top five global players in ​the rare earth​ elements (REE) arena.

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    Illustration; Source: Türkiye Petrolleri A.O. (TPAO) ‍» …
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