Turkey's stance and position in terms of energy has particular importance. It has the potential and facilities in nuclear energy and the importance of bringing pipeline projects into action
As of Sunday, there has been a significant summit being hosted in Istanbul, the 23rd World Energy Congress. The congress has been organized in Turkey for the first time since 1977. The world's energy leaders, energy ministers and leaders from the business and finance world and academia are conducting critical meetings on future energy projects during the sessions at the Congress. The congress is hosting 266 speakers from 80 countries, including 54 government spokespersons, and has been organized under the auspices of President Recep Tayyip Erdoğan and hosted by Energy and Natural Resources Minister Berat Albayrak. But why is this congress regarded as such a crucial event? Let us try to answer this question by looking at various aspects step by step.
The congress has drawn attention because it is hosting leaders such as Russian President Vladimir Putin, Azerbaijani President Ilham Aliyev and the presidents of Venezuela and Northern Cyprus. Russia is one of the leading energy giants in the world, and the breakdown in Turkish-Russian relations after the Russian war jet-downing incident pleased the circles wishing to weaken Turkey through energy. But now, following the rapprochement and reestablishment of healthy relations with Russia, Turkey has been going to work on various projects as a reassuring energy partner providing peace in the region.
It is estimated that the energy demand per capita will climb to its summit by the year 2030, which demands new approaches to decrease the decarbonization risk in the energy field. Innovative technologies and new business models are of vital importance. The congress is also crucial to preparing the world for the future. The world is undergoing a transformation. The driving forces of this transformation are new technologies, the digital revolution and environmental issues. For this reason, the world has to revise the production and consumption practices of energy of the near future. Changing the methods of energy production, on the other hand, has the risk of rendering current energy resources inactive. It is estimated that the primary energy resources such as oil and coal will be used less while fossil fuels will maintain their importance, but it will only meet one third of the overall need. The heyday of gas is likely to continue.
New technologies and energy resources will also determine the winners of the new paradigm in the coming period. Wind, solar, and nuclear energies will gain prominence, and those investing in technology will grow stronger, which means a change in global balances.
'Share for peace'
At this point, Turkey's stance and position in terms of energy has particular importance. During the contact he has made with global energy giants, Energy and Natural Resources Minister Berat Albayrak often emphasized the potential and facilities Turkey has in nuclear energy and the importance of bringing pipeline projects into action. During the speech he made at the opening ceremony of the congress, Albayrak said Turkey established the paradigm on the principle "share for peace," which is a crucial remark. Energy has always been one of the leading causes of war in the world. The main reason for the atrocities and turmoil in the Middle East is that the great global forces have insisted on the principle of "not sharing" the energy resources located in the region.
Turkey sets an example as the country that has had political stability for the longest period of time in the region. This aspect also situates Turkey in a particular place in the region in the field of energy diplomacy. In such a period, the organization of the congress in Istanbul is crucial in terms of completing the picture and providing Turkey with an opportunity to demonstrate its importance and goals.