Energy generation, transition and sustainable growth in Turkey

Abstract

The structural economic problems of Turkey have led to the significant challenges for the development of the country, especially in the postcoronavirus economy. One of such challenges is the achievement of the sustainable development imperatives in combination with the preservation of the competitive advantages of the Turkish economy. The loss of the major drivers of the economy of the country, including tourism and logistics, in complex with the economic deterioration of the monetary system of the country are the major components of the current crisis. This controversy is analyzed in the paper along with the search for the best options of the energy sphere development in Turkey. This search covers economic aspects of the current situation in the country. The authors put forward and prove a hypothesis that Turkey energy system can be more influential on its economic development. This proof is based on the energy mix analysis and on the thorough review of the potential of the country for the green energy development and its economic effectiveness for the country. The key findings of the article include the proof that the sustainable development and the green energy development in Turkey are quite different processes, which are on intention divided by political measures, the proof that Turkey has serious issues in development of the energy sector due to its low influence on the economic development in its current state, the developed recommendations for the better structuring of the energy sector development.