Events

“Going Green or Going Grey”: UK and Turkish Parliamentary discussion round on the future of the Green Economy and Trade between both Countries

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On 19th May (18:00 – 19:00), the Circle Foundation hosted a high-level panel event in the House of Lords to discuss the rising shift to renewable investments in Turkey and the UK, and the potential for greater energy independence in both countries. In light of the current war in Ukraine, the event shed light on the renewed focus by national governments on energy security and the need to boost energy resilience. For instance, in 2019 Russia accounted for 41% of the EU’s natural gas imports and before sanctions were announced, Russian imports accounted for 8% of total UK oil demand. Similarly, Russia is a major source of energy supply to Turkey, with market shares of 35%-50% for oil, gas and coal.Speakers discussed accelerating the transition to renewable energy, diversifying energy supplies and utilising non-Russian sources of energy as a means to provide a gap on the way to Net-Zero. This was an incredibly important event, bringing together politicians from both the UK and Turkey to reflect on the global energy crisis and the action that is needed.

 

The expert panel were in agreement that the climate crisis is a global issue and therefore requires a global solution, with an international fund to reallocate finance to developing countries that are in need. When assessing the progress of both the UK and Turkey in the development of renewable energy sources, the expert panel highlighted that the UK is a world leader in offshore wind and both the UK and Turkey are working to become world leaders on hydrogen, thereby presenting an opportunity for collaboration between the two countries.

 

The event featured remarks from Ziya Altunyaldiz, Chairperson of Industry, Trade, Energy, Natural Resources, Information and Technology Commission / Member of Turkish Parliament; Lord Mohamed Iltaf Sheikh, Baron Sheikh of Cornhill; Galip Dalay, Associate Fellow, Middle East and North Africa Programme, Chatham House; and Karim Elgendy, Associate Fellow, Chatham House. The 45-minute roundtable was followed by a 15-minute Q&A session that enabled participants from the audience to join the high-level discussions. The session was moderated by Aslı Atbaş, TRT World Producer.

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