Türkiye has presented its long-term climate strategy and 2040 energy vision to international investors at the 31st Conference of the Parties (COP31) UN Climate Change Conference in Antalya.

Ankara plans to quadruple its solar and wind energy capacities, a target that will require coordination among all public institutions, The Caspian Post reports, citing Anadolu Agency.

Speaking to Anadolu on the sidelines of the summit, Ahmet Burak Daglioglu, head of Türkiye’s Investment and Finance Office, said the office aims to increase capital inflows from different regions and expand climate-friendly projects across the country.

Daglioglu noted that Türkiye’s 2040 targets build on efforts that have been underway since the country accelerated its transition to renewable energy following the adoption of a landmark energy law in 2005.

“Türkiye is one of the countries with the highest share of renewable energy among peers worldwide,” he said.

He also highlighted Türkiye's domestic automotive brand Togg, describing it as one of Europe's largest electric vehicle (EV) manufacturers.

The launch of the national car brand marked an important milestone in the country's broader transition towards electric mobility.

Daglioglu also pointed to the circular economy as a major item on the global agenda, noting that the Zero Waste Project, spearheaded by Turkish First Lady Emine Erdogan and launched in 2017, had achieved a high recycling rate.

“Türkiye secured many investment projects in recycling and upcycling, and has a story to tell in all sustainability-related goals,” he said. “The COP31 is a key platform to present this to the world as an example.”

According to Daglioglu, institutions and investors financing climate-friendly and green initiatives play an important role in meeting capital requirements through foreign direct investment (FDI).

“We make an effort every year to reach investors around the world, and bringing all these stakeholders here (to COP31) was a part of our President’s vision - Here, together with all our colleagues, we are preparing to share these success stories and our vision for the future with investors and financiers,” he added.