Energy sources

The financial cost of U.K. aviation cutting carbon emissions will push up ticket prices, slowing passenger demand growth, an industry body has forecast.

Sustainable Aviation predicted in a report that this slowdown will correspond to a "reduction in projected aviation activity of 14.3 percent in 2050" from earlier forecasts.

The National Energy and Climate Plan anticipates investments in the greening of the electricity, transportation and building sectors totaling roughly 200 billion euros by 2030, creating 38,000 job positions.

Motor Oil Group announced the acquisition of all the shares of the "ELIN VERD" company. VERD was founded in 2005 and is engaged in the production and marketing of biofuels. The company has a biodiesel production plant in Volos with a production capacity of 80,000 tons of biodiesel per year.

President Recep Tayyip Erdoğan said on Jan. 16 that Turkey is among the top four nations globally in geothermal energy and stressed the importance of renewable energy investments.

He spoke at Sanko Energy Salihli GPP-2 and GPP-3 power plants via video conference and thanked the Sanko Group.