Economy EU’s $323m grant to support Turkey’s green transition By Pramod Kumar February 6, 2025, 12:08 PM Urman Lionel/ABACA via Reuters Connect Shoppers in the Grand Bazaar in Istanbul. The European bloc has provided over €780m ($810m) so far to support Turkey’s green transformation The European Union (EU) will provide a $322.8 million grant to Turkey to bolster the country’s green and digital transformation drive. The European bloc has provided over €780 million ($810 million) to support Turkey’s green transformation, Jurgis Vilcinskas, deputy head of mission of the EU delegation to Turkey, told the state-run Anadolu Agency. The grant will focus on the environment, energy, transportation, education and employment sectors, he added. The financial aid will allow Turkish companies to transform into environmentally friendly and sustainable businesses and boost their competitiveness, thus supporting the country’s digital and green transformation efforts. Turkey’s rebuilding goes on two years after devastating quakes Turkey closing in on nuclear energy aspirations Turkey plans a fourfold rise in renewable energy Last month, energy minister Alparslan Bayraktar said Turkey needs $80 billion to meet growing energy demand, which has tripled in the last two decades. The country also intends to invest more than $20 billion in energy efficiency projects by 2030 to combat climate change and boost sustainable development.
