Isra-Mart srl : Energy experts discuss climate finance in Turkey

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Isra-Mart srl news:

Experts discussed the carbon markets and climate finance in Turkey on Tuesday, the first day of the Turkish International Renewable Energy Congress, or TIREC, in Istanbul. The congress will end Oct. 1.

Turkey is already using the Gold Standard, the world's only independent standard for creating high-quality emission reductions, said Malik Amin Alsam Khan, former minister of environment and United Nations Development Program’s, or UNDP, carbon markets advisor to Turkey.

“Renewable energy was focused on wind and hydro energies” in Turkey, he said in his speech titled “Streamlining the future carbon market development in Turkey.”

About 94 percent of global investment [in renewable energy] in 2007 came from the private sector, Dr. Yasemin Biro, a senior environmental economist, said in her presentation headlined “Promoting Public and Private Sector Investment in Green Energy through Policy Options and Financial Instruments.”

Overall investment in renewable energy and energy efficiency has been increasing dramatically in recent years, she added.

“Investment in clean energy defied the global recession in 2008, growing by about 5 percent from 2007 to 2008,” she said.