According to a new project approved by the World Bank’s Board of Executive Directors, the bank will provide Turkey with $549 million in financing to increase the use of renewable energy in public buildings in Turkey. The project will focus on public and municipal facilities with a budget of $549 million
Humberto Lopez, World Bank Country Director for Turkey, said in a statement that the use of renewable energy in public facilities would alleviate the effects of rising energy prices and could also help Turkey meet its climate commitments. He also emphasized that the building sector is one of the largest energy consuming sectors in the country and has a direct impact on carbon emissions, and stated that this project will provide many benefits to the economy and the environment.
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