Yet another late-night decree from the presidential palace.
Governments need to smash the stubborn dominance of fossil fuels if the world is to reach net zero by 2050, despite the rapid development of green technologies, the IEA warns.
Sinking currency partly reflective of president Erdogan’s “failure to accept economic gravity” says one analyst.
Moscow’s move comes amid high tensions as Iran, Azerbaijan and Turkey flex muscles with military exercises.
Azerbaijan and close ally Turkey set to hold “Indestructible Brotherhood” military drills in Azerbaijani exclave Nakhchivan in seeming response to Iranian manoeuvres.
Both are dab hands at bagging indirect taxes.
Using “core” inflation, central bank seems set to plot its way to further rate cuts.
IHS Markit notes some reports of safety-stock building to guard against ongoing supply chain disruption.
SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.
Turkish president may be trying to force Washington to cut his regime some slack. Biden ambassador nominee for Ankara has said he will push Turkey to “live up to its status as a Nato ally”.
Global hydro capacity needs to double by 2050 if water-based power is to make a meaningful contribution in the race to net zero, IRENA director-general Francesco La Camera has warned
Tehran, peeved at military exercises involving Azerbaijani, Turkish and Pakistani forces, appears to have resorted to sabre-rattling.
Two new papers find that Georgia and Azerbaijan would gain more from improving trade with their neighbours than pursing a place on the Belt and Road.
Turkish leader did not get to meet Joe Biden, but he is about to meet Vladimir Putin.
In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.
The EU’s Green Deal and Carbon Border Adjustment Mechanism will hit the EU’s trading partners in Africa and non-EU Eastern Europe particularly hard.
All but one of 23 surveyed economists said central bank wouldn’t do it, but it did it. Baffling ‘Erdoganomics’ pulling strings in the background. Hyperinflation may lurk around corner.
Adds that average occupancy rate of country’s hotels able to open this year so far 44% versus 67% for all of coronavirus-free 2019.
President faces an election by 2023 and millions of Turkish teenagers who will vote for the first time know their country has just been through a summer of climate change hell.
Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.