Media

«Trends» and «the Atlantic Council - Turkey» explore the prospects of «GCC-Turkish» cooperation in energy transition

10-December-2023



Experts in the fields of energy, sustainability and environment stressed the need to remove regional barriers and strengthen economic relations between the Gulf Cooperation Council States and Turkey, in order to achieve collective gains in the energy transition system. They called for the acceleration of the transition from fossil fuels to renewable sources, especially wind and solar energy. They also stressed the need to accelerate the Middle Eastern efforts to achieve a more sustainable future.

Trends Research and Advisory and the Atlantic Council-Turkey held a panel discussion, entitled "Prospects for Cooperation in Energy Transition for a Sustainable Future: GCC, Turkey, and Regional Perspectives.” The discussion indicated the unprecedented spread of technology has accelerated the adoption of renewable energy technologies. The GCC countries and Turkey occupy a prominent position in the Global South in terms of prioritizing renewables. The panel discussion was held on Saturday, at the Knowledge Center - Green Zone of (COP28).

 

Fruitful research collaboration

Dr. Mohammed Abdullah Al-Ali, CEO of Trends Research and Advisory, said in the opening remarks of the panel discussion that this event acquires special importance because its discussions are based on the ideas contained in the first report produced jointly by Trends and the Atlantic Council – Turkey, entitled Prospects for Cooperation in Energy Transition for a Sustainable Future: GCC, Turkey, and Regional Perspectives.”

Dr. Al-Ali stressed that the panel discussion explores the prospects for partnership between the GCC countries and Turkey in the field of energy transition, accelerating the adoption of clean energy and addressing climate change. He added that energy transition is the core of international sustainability efforts. Regional cooperation between Turkey and the GCC states in sustainability can be viewed in terms of two aspects; first to create promising investment opportunities for the countries of the region, and enhance opportunities for joint investments, and the second revolves around the transfer of Knowledge and exchange of best practices in climate adaptation.

Ms. Defne Sadıklar Arslan, Senior Director, Atlantic Council IN TURKEY & Turkey Programs Center, Atlantic Council, said that Turkey and the GCC States not only share the challenges stemming from climate change, but there are also many synergies in the energy sector, including renewable energy, energy security, and diversification of the energy resources.

 

Renewable Energy

The panel discussion was moderated by Serhat S. Çubukçuoğlu, Senior Fellow, Department of Strategic Studies at Trends Research and Advisory. Moza Al-Marzouqi, Researcher in the Department of Economic Studies at Trends Research and Advisory, explained that the prospects for sustainable future cooperation between the GCC countries and Turkey are focused on increasing reliance on renewable energy, offshore wind energy, solar energy, nuclear energy, and clean hydrogen in agriculture, manufacturing and transportation.

Moza Al Marzouqi added that there are other opportunities for GCC-Turkish cooperation in joint future projects to address climate change issues, especially water and air pollution, sandstorms and floods. Moreover, the two sides can pursue cooperation in the fields of transport, trade and manufacturing, expansion of smart buildings, and paperless trade and agriculture.

Mr. Eser Özdil, Non-Resident Fellow, Atlantic Council, stressed that traditional aspects related to the security and cost of energy supply have been supported by the general privatization of Turkey's energy sector. In fact, between 2002 and 2016, Turkey was able to attract more than $ 60 billion of investment and private funds to the energy sector. This indicates that Turkey intends to add another 65 gigawatts of renewable energy production, which requires massive investments ranging between $ 40 and $ 45 billion.

 

Emission reduction

Ms. Melek Öztürk, Principal, The Electric Vehicle (EV) Exchange, pointed out that reducing emissions in the transport sector is a major goal that Turkey seeks to achieve, by setting emissions level targets and developing the manufacture of electric cars. Indeed, given the high proportion of renewable energy produced in Turkey based on hydro, wind and solar energy, Turkey is likely to achieve its climate goals by 2030.  She added that for each renewable energy plant project Turkey needs to build an energy storage facility.

Mr. Karim Al Gendy, Associate Fellow, Environment and Society Center -Chatham House spoke in conclusion and said that the approach taken by both the GCC States and Turkey on the issue of energy transition is based on climate commitments and economic motives. He added that future Turkish-GCC cooperation could benefit from connecting the Turkish pipeline to the EU hydrogen market.

Related Media


©2024 Trends Research & Advisory, All Rights Reserved.