Views on Turkey’s impending ESCO market: Is it promising?
Yükleniyor...
Tarih
2008
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Turkey’s Energy Efficiency Law (EEL) came into force in May 2007. The EEL will transform energy policies implemented in the government and private sectors. The law and upcoming regulations will offer opportunities for the impending Energy Service Company (ESCO) market in Turkey. In this work, we briefly review the ESCO literature and its financing mechanisms in the world, and present our views with regard to the funding and related risks that are likely to be associated with the forthcoming Turkish ESCO market. These views are backed up with Turkish credit and banking market performance and the lessons learned from implementation of some EU-related projects involving the banking sector and small-and-medium-sized firms. We conclude that in order to create a promising competitive ESCO market, Turkey’s policy must be to sustain its average 5% growth rate achieved lately for the coming decade, finish the structural reforms which will invite necessary capital inflows to ensure an economic stability and financing.
Açıklama
Anahtar Kelimeler
Energy service companies, Energy-efficiency law, Turkey
Kaynak
Energy Policy
WoS Q Değeri
Q1
Scopus Q Değeri
N/A
Cilt
Energy Policy
Sayı
6
Künye
Okay, E., Okay, N., Konukman, Alp Er Ş., Akman, U. (2008), Views on Turkey’s impending ESCO market: Is it promising?, Energy Policy, 36(6), 1821-1825.
