Net Zero 2053: Energy Sector Policies

Net Zero 2053: Energy Sector Policies

Climate change is a global problem which requires actions to be taken globally. The effects of climate change resulting from the increased levels of greenhouse gas emissions in the atmosphere are becoming increasingly visible. In order to reduce these impacts and prevent the climate crisis, countries have commenced developing climate-neutral policies by focusing on clean technologies. A successful energy transition in economy wide sectors is required to combat climate change, which would in turn necessitate essential changes in all stages of the value chain. In order for this transition to be successful, a holistic approach including policies, regulations, technological breakthroughs and changes in the consumption habits will be needed. Public policies in that regard are an important tool due to their influence on all of these factors. Globally applied climate change mitigation policies encompass a wide array of options, including carbon pricing, incentives for renewable energy, support for energy efficiency measures and standards, policies to increase electrification, regulations in the electricity system, and flexibility-enhancing practices. It is essential to formulate the right combination from this broad spectrum of policies to expedite energy transition and decarbonization processes more swiftly and cost-effectively. In this context, the main purpose of this study is to outline feasible economy-wide policy recommendations that could pave the way to achieve the 2053 net zero emissions goal of Türkiye, considering the currently applied energy policies in Türkiye as well as the global best practices.

Executive Summary

November 2023

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