ENERGY TRANSITION IN TURKEY

Turkey has undergone a major transition in its energy market between 2002 and 2017. During this period, the government focused on regulation and policymaking and made great strides in market reforms and investments in the renewable energy sector. After 16 years, the government announced a new transition period by presenting the National Energy and Mining Policy (NEMP). This policy is a set of objectives and goals based on three main pillars: security of supply, localization, and predictability in the markets. Through NEMP Turkey aims to achieve energy self-sufficiency, regional supply security, and facilitate stronger international collaborations. This new era in energy policy is expected to elevate Turkey from a powerful regional actor to a global one.