Renewable projects in Turkey to create 110,000 new jobs

A visible pipeline of 238 renewable projects in Turkey is expected to generate 9.2 gigawatts of capacity and 110,000 new jobs, according to a new report from Ernst & Young prepared with the support of the European Climate Foundation on July 7.

The report entitled A Clean Covid-19 Recovery: Global Opportunity for G20 Leadership covers 47 countries in terms of their renewable project pipelines but with an emphasis on the UK, Turkey and South Africa.

The report analysis on Turkey reveals that the shovel-ready 238 renewable projects account for an investment volume of $19.4 billion, the majority of which is expected in wind and solar energy.

"A green recovery focused on renewable energy could deliver large-scale job creation in the near term whilst supporting sustainable employment in the long term in Turkey," it said.

It added that this green recovery could create many more jobs in renewable energy that currently exists in the coal industry if Turkey continues to strengthen the local supply chain and manufacturing capabilities for renewable energy.

Projects in Turkey to reduce annual emissions by 35 million tons

The report finds that a green recovery could lay the foundation for decarbonizing the broader Turkish economy.

"The existing pipeline of investable projects can enable a green recovery to begin immediately. If fulfilled, it could contribute to the surplus that already exists against Turkey's intended nationally determined contribution targets," the report said.

The pipeline of projects is also expected to enable Turkey to take advantage of the potential opportunities presented by the European Green Deal, as well as mitigating the potential challenges related to policy instruments such as...