Climate change policy

The Climate Change Mitigation Strategy and Action Plan (IDASEP), which was prepared to reach Türkiye's 2053 net zero emission target, lists the steps to be taken until 2030 one by one.

A recent report by the non-profit think tank InfluenceMap has unveiled startling insights into the world's carbon dioxide emissions landscape. According to the Carbon Majors report released on Thursday, a mere 57 fossil fuel and cement producers have been accountable for a staggering 80% of global CO2 emissions from 2016 to 2022.

Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years thanks to continued expansion of clean technologies, the International Energy Agency said Friday.

The Cypriot cabinet approved a new grant scheme on Wednesday to encourage reductions in businesses' greenhouse gas emissions.

Domestic industries have to fight an unequal battle compared to their European competitors to maintain production, which is affected by the increased costs of the energy transition and competition from third countries.

In a transformative decade for the energy sector spanning from 2012 to 2022, employment in green energy has seen a remarkable surge of nearly 90%, with the current workforce standing at 13.7 million, research shows.

Ticket prices for ferry routes between Greece and Italy have increased by approximately 5% starting Monday, in compliance with the European Union's decision to integrate maritime transport into the Emission Trading System (ETS). 

İşbank, the largest private lender by asset, has become the first bank to issue Turkish Lira-denominated green bonds in Türkiye.

In a filing with Borsa Istanbul, the bank said it completed the issuance of the 500 million lira nominal valued green bonds with 728 days of maturity.

Bonds with floating rates and quarterly coupon payments were sold to qualified investors.

TITAN Group signed a grant agreement with the EU Innovation Fund for the large-scale carbon capture project IFESTOS, the company announced on Monday.

One of Greece's leading international business in the building and infrastructure materials industry, TITAN was selected in July in the context of the fund's third call for large-scale projects.

Prime Minister Kyriakos Mitsotakis told the UN Framework Convention on Climate Change (COP28) in Dubai on Friday that Greece is "the world's leading global shipping power, controlling nearly 25% of the global shipping fleet," and "the entire issue of maritime decarbonization is of special significance to us."