Climate change policy

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.

The World Bank on Monday unveiled $200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding, reports AFP. 

With the direst warnings yet of impending environmental disaster still ringing in their ears, representatives from nearly 200 nations gather Sunday in Poland to firm up their plan to prevent catastrophic climate change, reports AFP. 

Turkey is striving to more effectively combat climate change and is aiming to obtain more financing to invest in solutions.       

And our goal is to be using 27 percent of renewable energy by 2020, Antic said on Monday, Beta agency reported.

He told the Energy and Climate Change conference, organized by the Serbian Academy of Arts and Sciences, that Serbia's contribution to the fight against climate change should be strong, but sustainable in terms of economic capacity.

Households' electricity rates may be about to rise again. According to Energy Minister Giorgos Stathakis, the major increase in the price of carbon emissions places a great burden on Public Power Corporation (PPC) that needs to be shared.

AFP - World leaders gathered in New York on Wednesday to try to breathe new life into the Paris global climate accord, amid backsliding from several nations over commitments made in the historic deal.

The "One Planet Summit," launched last year by French President Emmanuel Macron, aims to accelerate the implementation of the 2015 pact.

Professionals and low-to-medium-voltage industries are the first categories of electricity consumers to be hit with power rate hikes due to the increase in carbon emission rights prices.

AFP - California Governor Jerry Brown signed landmark legislation Monday committing his state to a 100 percent clean electricity grid by 2045.

At least 20 countries and twice as many large cities have made similar pledges, but California -- the fifth largest economy in the world -- is by far the biggest jurisdiction to do so to date.

Ambitious action on climate change could contribute an extra $26 trillion to the world economy by 2030, international experts said on Wednesday, urging nations and businesses to step up their engagement.