Views on Turkey’s impending ESCO market: Is it promising?

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dc.contributor.authorOkay, Esin
dc.contributor.authorOkay, Nesrin
dc.contributor.authorKonukman, Alp Er Ş.
dc.contributor.authorAkman, Uğur
dc.date.accessioned2019-04-04T08:00:35Z
dc.date.available2019-04-04T08:00:35Z
dc.date.issued2008en_US
dc.departmentFakülteler, İşletme Fakültesi, Bankacılık ve Finans Bölümüen_US
dc.description.abstractTurkey’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.en_US
dc.identifier.citationOkay, 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.en_US
dc.identifier.endpage1825en_US
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-43049167390en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage1821en_US
dc.identifier.urihttps://hdl.handle.net/11467/2569
dc.identifier.volumeEnergy Policyen_US
dc.identifier.wosWOS:000257013600001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofEnergy Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEnergy service companiesen_US
dc.subjectEnergy-efficiency lawen_US
dc.subjectTurkeyen_US
dc.titleViews on Turkey’s impending ESCO market: Is it promising?en_US
dc.typeArticleen_US

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