Global Trends, Risks, and Opportunities
Energy Crisis
The energy crisis was a major global problem in 2022. Geopolitical
developments such as the Russia-Ukraine war, in particular, lead to
uncertainties and problems in energy supply. This situation has once
again brought up the issues of European countries’ external dependence
on energy supplies as well as energy supply security. Europe resorting
to coal-fired power plants during the crisis period, although considered
a temporary transition period, has brought about a situation that may
cause an increase in carbon emissions and harm sustainable energy
transformation goals.
The energy crisis not only affects the energy supply, but also has
negative impacts on economic growth, industrial production, and
employment. This situation emphasizes how important it is to invest in
more sustainable and diverse sources in the energy sector.
Türkiye’s goals of increasing energy supply, reducing the use of
fossil fuels and reducing external dependence on energy are supported.
At the same time, it is important to focus on regional collaborations and
diversification of energy imports to reduce external dependence on energy
supply.
In this context, the Development and Investment Bank of Türkiye (TKYB) has
included tackling the energy crisis among its strategic objectives.
The Bank aims to serve the needs and demands of society in line with
climate change and sustainable development goals. In the energy sector,
the Bank provides financial support for projects that reduce CO2 emissions
and increase resource utilization efficiency.
In addition to renewable energy and energy efficiency investments in the
energy sector, the Bank also plays a role in putting environmental
investments into practice. The Bank monitors greenhouse gas emissions
resulting from its operational activities and sets targets for their
reduction. It also assesses the environmental and social risks of projects
in the energy sector and aims to eliminate or mitigate their negative
impacts. In the fight against the energy crisis, the Bank supports
compliance with international climate agreements and contributes to
sustainable development goals.
In the fight against the energy crisis, the Development and Investment
Bank of Türkiye supports voluntary activities carried out with the public,
civil society organizations, and other stakeholders to raise awareness of
the society and stakeholders. It aims to create and raise awareness by
organizing activities such as trainings and information-sharing sessions.
The Bank acts in line with its environmental and social policies by not
supporting investments that may have unacceptable impacts on the environment
and society and continues its efforts to reduce CO2 emissions and resource
use in the energy sector by providing loans.
The energy crisis is a problem that can have serious consequences on a
global scale and is an important challenge for sustainability.
The Development and Investment Bank of Türkiye acts responsibly regarding
climate change and the energy crisis and contributes to the fight against
these problems by supporting sustainable energy projects. By taking a
leading role in the fight against the energy crisis, the Bank aims to
contribute to the development of a more sustainable energy sector for
society’s future.
Risks
- Increasing global energy demand and supply imbalances can result in energy crises. Furthermore, limited fossil fuel resources, continued reliance on fossil fuels, and energy security concerns may lead to fluctuations in energy supply and price, as well as rising prices.
- Climate change and extreme weather events pose a threat to the energy sector by disrupting energy production and damaging resources. In addition to the effects of climate change, natural disasters can also affect the energy infrastructure. Disruptions in systems that rely on renewable energy sources may also lead to energy supply issues
- Increase in energy, food, and raw material prices impact production costs in Türkiye. This may diminish the competitiveness of businesses, resulting in economic instability and social unrest.
- Tensions and political conflicts in the region can have a negative impact on the availability of energy resources and the integrity of logistics networks. This can result in energy supply fluctuations and interruptions.
Opportunities
- Increasing investments in renewable energy sources can promote energy supply diversification and energy security. Increasing energy efficiency can also facilitate more efficient energy use and mitigate the effects of energy crises by reducing energy demand.
- Innovative energy storage solutions can ensure energy supply stability. Investments in sustainable energy projects can contribute to economic expansion and job creation.
- Rising energy prices and Türkiye’s close proximity to the EU market can provide a competitive advantage in the transportation industry. This may present possibilities for promoting domestic production and expanding exports.
- The international community’s demand for sustainable energy sources could increase Türkiye’s strategic importance in energy security. Renewable energy projects and energy trade can contribute to the nation’s gross domestic product.
Our Efforts
- The Bank is developing energy-efficient supply chain enhancements for its existing supply chains. These efforts include supportive measures for real sector companies to improve energy efficiency, as well as cooperation to optimize energy use in supply chains, promote energy conservation, and make efficient use of resources.
- The Bank is developing energy-efficient supply chain enhancements for its existing supply chains. These efforts include supportive measures for real sector companies to improve energy efficiency, as well as cooperation to optimize energy use in supply chains, promote energy conservation, and make efficient use of resources.
- Bank supports projects that produce components, infrastructure, or equipment for the renewable energy, energy efficiency, or low-carbon technology sectors. These projects are crucial for increasing the use of renewable energy sources, promoting energy efficiency, and facilitating low-carbon production processes. The Bank provides financial resources for infrastructure investments in renewable energy generation, the development of energy-efficient technologies, and projects that support low-carbon production processes. This contributes to the achievement of sustainability goals in the energy sector.
- The Bank supports the research and development of technologies for renewable energy, energy efficiency, and low carbon emissions. These projects seek to identify, develop, and implement innovative technologies in the field of sustainable energy. The Bank contributes to the financing of projects that promote the production of renewable energy, energy storage technologies, solutions that improve energy efficiency, and low-carbon production processes. Thus, it contributes to the advancement of innovation and environmental sustainability in the energy sector.