Energy Policies and Their Impact on Investments
Turkey, Economic Policy Research Foundation of | June 2016
Abstract
Energy deficit is one of the most important reasons behind the current account deficit figures. Not able to create a sufficient value added on non- energy items, Turkey is left to deal with an increase in energy imports as well as a current account deficit fluctuating with global energy prices. One clear example is the recent 70 percent drop in oil prices positively affecting the relation between growth and current account deficit rates in 2014 and 2015.
The stable share of domestic resources in total energy supply, dependence on country of origin with regards to energy imports and the economic fragility as a result of energy imports despite the ever- rising demand for energy is giving rise to Turkey’s energy policy design that puts emphasis on the priority of Turkey’s domestic and renewable energy resources. In this context, while the use of lignite resources is supported within the definition of domestic resources, solar, wind, geothermal and hydro- electric plants are supported within the framework of renewable energies.
Citation
Turkey, Economic Policy Research Foundation of. 2016. Energy Policies and Their Impact on Investments. © Economic Policy Research Foundation of Turkey. http://hdl.handle.net/11540/6724.Keywords
Domestic Energy
Energy Demand
Energy Prices
Energy
Energy planning
Alternative energy technology
Project impact
Program management
Project appraisal
Cost benefit analysis
Household Energy Consumption
Renewable Energy
Evaluation
Alternative energy
Energy Technology
Project Evaluation & Review Technique
Operations Evaluation
Program Evaluation
Evaluation Techniques
Evaluation Criteria
Electric power
Renewable energy source
Energy development
Renewable energy resource
Energy conservation
Energy policy
Participatory monitoring and evaluation
Participative management
Show allCollapse