Analysis: Energy transition in Turkey
In tandem with the global energy transitions, Turkey has gone through a major transition since 2002, which I refer to as Transition 1.0. Opening the market to competition while meeting the increasing demand was not an easy process, but strong political commitment, vision, and stability made it possible. In 2017, 16 years following the first transition period, the Ministry of Energy and Natural Resources announced its National Energy and Mining Policy (NEMP), which marks the second transition period of the Turkish energy market, Transition 2.0. Based on detailed analyses, NEMP was established based on three main pillars: security of supply, localization, and predictability in the markets.