Minister Şimşek: Renewable energy investments will continue, dependence on energy imports will decrease

Turkish Treasury and Finance Minister Mehmet Şimşek said at COP31 that renewable energy investment will continue and that Turkey’s dependence on energy imports will decline, framing the energy transition alongside fiscal policy. He stressed that economic and climate goals must be pursued together, linking electrification and energy transformation to public finance priorities. The remarks signal continuity in Ankara’s renewable investment stance and its push to curb a large energy import bill. Watch for follow-through in budget allocations and incentive programs for renewables and electrification.