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Business Leaders in Turkey Embrace "Green Transformation"
13 Jun 2023Business leaders in Turkey embrace the "green transformation"
Climate summit for CEOs accelerates decarbonization dialogue
“Climate Change Summit 2023: Green Transformation,” T.R. It was organized by Capital and Ekonomist magazines, in cooperation with the Ministry of Environment, Urbanization and Climate Change and the United Nations Development Program (UNDP). More than 200 senior executives at the CEO level attended the summit. He exchanged views on the realization of "green transformation" in Turkey.
The newly appointed Minister of Environment, Urbanization and Climate Change, Mehmet Özhaseki, said in the statement he sent for the summit: "We can easily say that climate change is one of the most important problems facing humanity and nature today. However, it is obvious that the current efforts to achieve global climate goals are not enough and larger-scale technological and economic transformations are needed." he said.
“Our country is taking decisive steps in the fight against climate change.” Özhaseki stated that they started the green development move by becoming a party to the Paris Agreement in 2021 and the announcement of the 2053 net zero emission target by the President.
“According to our updated National Contribution Declaration, the 2030 reduction target, which was announced as 21% in 2015, has been increased to 41%. As a result, we clearly present our road map towards 2053, thanks to our 2053 net zero emission target and national contribution declaration, our long-term climate strategy, mitigation and adaptation action plans and green financing strategy. In order to implement these policies, especially the Climate Law and Emission Trading. We are carrying out important infrastructure works such as the system.”
“The green transformation we are facing can only be realized with the entire state, private sector and academia.” Özhaseki said, "Therefore, it is very important for the private sector to include green transformation in its main agenda and its efforts and dedication to accelerate the change towards the 2053 net zero target." He concluded his words by saying:
“We call for greater determination and effort.” UNDP Resident Representative Louisa Vinton emphasized the UN Secretary-General's call for developed countries to push their net zero targets to 2040. "We believe that with the strong involvement of the private sector in the process, the time when Turkey's greenhouse gas emissions will reach their peak can be moved earlier than the planned 2038." he said.
"The private sector continues to produce the majority of the harmful emissions that cause climate change," Vinton said at the opening of the conference. "But this also means that business holds the key to the climate solutions we urgently need. At UNDP, we rely on the creativity and resilience of Turkish business to find ways to decarbonize production and accelerate the schedule in line with the Paris targets."
While the heads of some of the country's largest businesses, such as Limak Çimento, Sabancı Holding, Eczacıbaşı and Anadolu Isuzu, revealed how they are charting the course for a greener future, representatives of leading Turkish banks, including ŞekerBank, Denizbank, ING and TSKB, also announced the financial incentives available to businesses that adopt greener solutions.
Cem Başar, General Manager of
Capital and Economist magazines, expressed his satisfaction with the productive consultations held by business leaders regarding climate policy.
Many speakers touched upon climate-friendly policies such as the European Union's European Green Deal, the Turkish Climate Law and the Emission Trading System, which are expected to come into force in late 2023, and emphasized that these have a decisive impact on corporate decision-making mechanisms. A consensus was reached on the need for green resource use and more environmentally friendly production methods to maintain a competitive position in the EU market.
On the other hand, many senior executives emphasized the strong economic benefits that a transition to renewable energy and energy efficiency would create.
"As UNDP, we are confident that the green economy is a win-win solution for the business world," said Vinton, emphasizing the following: "Of course, adaptation is not always easy. Creating a map of 'just transition' for outdated sectors is a must. For example, it is necessary to offer coal-dependent workers and communities a future worthy of human dignity. In addition, the net benefits are obvious and measurable. As UNDP, we provide both policy consultancy and field-tested research to help the private sector in Turkey realize its potential to lead the green transformation worldwide." We will continue to offer solutions.”
Vinton concluded his words by saying, “In short, going green is beneficial for the business world.”
Source: UNDP
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