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TÜRKONFED/Ünlü: Yeşil dönüşümde şirketlerimiz iyi durumda
Executive Summary
AI-generatedTÜRKONFED Vice President Onur Ünlü stated that Turkish companies are well-positioned for the green transition, noting that the country has ambitious climate goals, such as 35% electrification by 2035. He emphasized that while current economic volatility has slowed investment, signs of recovery are emerging, contingent on greater market stability and lower interest rates.
Key Insights
- Turkish industry is considered to have a competitive advantage over European rivals in green and energy efficiency due to its young industrial infrastructure.
- The nation has committed to major climate targets, including achieving 35% electrification and 25% energy efficiency in buildings by 2035.
- The transition is supported by financial mechanisms, including 30% grants from the Ministry of Energy and incentives from the Ministry of Industry and Technology.
- Despite recent signs of industrial recovery, SMEs are identified as the most vulnerable segment, facing cash flow difficulties.
- Investment acceleration is predicted to resume if the Central Bank reduces interest rates and market predictability increases.
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