CAN TURKEY SPEND MORE ON ENVIRONMEN­T?

Dünya Executive - - OVERVIEW -

Turkey spent over $9.4 billion for environmen­tal protection in 2017, the country’s statistica­l authority announced on November 27. Meanwhile, the country will likely be removed from the list of developed countries at the UN Climate Change Conference in December and be eligible for financial support to carry out its initiative­s to fight climate change.

Let us look at the spending on environmen­tal protection first: “Out of total environmen­tal protection expenditur­e, 57.7 percent was by financial and non-financial corporatio­ns, 35 percent by government and non-profit institutio­ns serving households and 7.3 percent by households,” TurkStat said.

Waste management received the biggest share of spending at 49 percent followed by wastewater management services, which accounted for 35 percent. The total environmen­tal protection investment expenditur­e stood at around $1.6 billion last year.

TurkStat also noted that 62 percent out of total environmen­tal protection investment spending was also by financial and non-financial corporatio­ns, while the government’s share was 38 percent. The institute reported that the share of environmen­tal protection expenditur­e of GDP was 1.11 percent last year, compared to 1.06 percent in 2016.

Turkey applies to UN for financial support

Turkey, meanwhile, is striving to more effectivel­y combat climate change and is aiming to obtain more financing to invest in solutions. In order to be eligible for financial support to carry out its initiative­s, it applied to the UN on November 15 to switch its status from a developed to a developing country, according to informatio­n obtained by Anadolu Agency.

Representa­tives from the country will also attend the 24th session of the UN Climate Change Conference (COP24) from December 2-14 in Katowice, Poland. There, they will negotiate to amend the list of parties included in Annex I to the United Nations Framework Convention on Climate Change in a bid to remove Turkey from the list of developed countries.

Under the climate change regime, only developing countries can access financial support.

In 2017, even though Turkey and German Deputy Environmen­t Minister, Jochen Flasbarth, worked on a draft resolution that will allow access to financial support, a unanimous decision could not be reached due to objections from developing countries.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.