Industrial Policy and Climate Change Management of Turkey as an EU candidate country

Climate change is predicted to have particular economic and social impacts. The environmental sustainability problem has already concerned the international organizations such as United Nations and World Bank, as well as the EU, the USA, Asian, African organizations at the regional level and the national governments. In this context, the ecologic concerns and environmental problems such as climate change go beyond the state borders, just like money and information. Industrialization is Turkey's chosen instrument for economic development. Having not completed her industrialization process yet, Turkey is neither a wealthy nor a rich country. One potential negative side of industrialization in Turkey would be the significant increase in CO2 emissions. This paper explores the implications of climate change management for industrial policy. Accordingly, it is clear that carefully balanced industrial policy can allow manufacturing and increase without significantly contributing to accelerated growth in CO2 emissions. It is very well known that the best defense against climate change is economic development. In this respect, the importance of private sector funding is emphasized and the funding needs of low-carbon economy and industrial policy are discussed. Low-carbon growth, when achieved, will be more energy-secure, cleaner, safer and more bio-diverse than its predecessors.