Climate change in Turkey
S&P on Oct. 22 affirmed Turkey's long-term foreign currency rating at "B+" and long-term local currency rating at "BB-," with a stable outlook.
The stable outlook considers the risks from Turkey's economic imbalances, but these are partly offset by the resilience of Turkey's private sector and the manageable stock of net general government debt, the global rating agency said.
Despite pandemic-driven bottlenecks in the global supply chain, Turkey's rapid economic recovery, its progress in vaccinating its population against COVID-19, and its strong industrial production trends have resulted in international organizations revising their 2021 growth forecasts for the country.
U.N. Secretary-General Antonio Guterres welcomed on Oct. 7 Turkey's ratification of the 2015 Paris climate accord, saying Ankara should rapidly present its national plan to combat climate change.
"I expect Turkey to present as soon as possible a national #ClimateAction plan in line with its commitment to get to net zero emissions by 2053," Guterres said on Twitter.
The European Union on Sept. 22 welcomed Turkey's plan to ratify Paris Agreement on climate change next month.
"Very welcome step that Turkey is ready to ratify the #ParisAgreement on climate," Frans Timmermans, the European Commission's executive vice president for the European Green Deal, said on Twitter.