Erdogan says Turkey looking at fighter jet, submarine and more nuclear cooperation with Russia

bne IntelIiNews September 30, 2021

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”.

bneGREEN: Hydro capacity needs to double to meet green goals

By Richard Lockhart in Edinburgh September 29, 2021

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

Iran alludes to Baku’s relations with Israel as it defends war games by Azerbaijan border

bne IntelIiNews September 29, 2021

Tehran, peeved at military exercises involving Azerbaijani, Turkish and Pakistani forces, appears to have resorted to sabre-rattling.

Quantifying the Caucasus’ gains from BRI trade

Eurasianet September 28, 2021

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.

Erdogan issues S-400 threats after unhappy time in New York

bne IntelIiNews September 26, 2021

Turkish leader did not get to meet Joe Biden, but he is about to meet Vladimir Putin.

ING: ECB’s push for net-zero carbon will grow ESG credit

Timothy Rahill Credit Strategist at ING in Amsterdam, Jeroen van den Broek Global Head of Sector Research at ING in Amsterdam September 24, 2021

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.

bneGREEN: Green Deal, CBAM poses high risks to poorer African, Eastern European countries

Richard Lockhart in Edinburgh September 23, 2021

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.

ISTANBUL BLOG: Markets search in vain for logic as Turkey cuts rates

Akin Nazli September 23, 2021

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.

Turkey's struggling hotels need ‘serious support’ with debt says association

bne IntelIiNews September 23, 2021

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.

ISTANBUL BLOG: Paris Agreement ratification becomes a no-brainer for Erdogan

bne IntelIiNews September 22, 2021

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.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

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.

Azerbaijani, Turkish and Pakistani war games appear to prompt Iran to move infantry to border

Daniel Rad in London September 20, 2021

Representative of Iranian supreme leader warns Azerbaijan to not “play with the lion’s tail”.

Hundreds of Turkish medical company bosses and workers throw keys to ground in unpaid debts demo

bne IntelIiNews September 16, 2021

State hospitals said to owe firms hundreds of millions of dollars. Company bosses warn they are losing financial ability to sustain supply chain.

bneGREEN: Global coal plans collapse by 76%

By Richard Lockhart in Edinburgh September 16, 2021

The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.

bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise

Richard Lockhart in Edinburgh September 15, 2021

Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.

bneGREEN: Turkey’s lakes and rivers drying up amid drought and climate change

bne IntelIiNews September 14, 2021

Reports in the country’s press of severe water depletion becoming more and more frequent.

Iran refers to ‘illegality’ of Turkish presence in Caspian Sea military drills

Javid Agha in Baku September 14, 2021

Tehran concerned at how special forces from Turkey linked up with Azerbaijani counterparts.

ISTANBUL BLOG: ‘Core’ blimey guvnor

Akin Nazli September 12, 2021

Turkey’s monetary policy chaos has deepened following a strange presentation by the central bank chief. Analysts are scrambling to update their expectations.

Turkish airport with next to no passengers put up for sale

Akin Nazli in Belgrade September 7, 2021

PPP project Zafer Airport enjoys a government guarantee for 1.28mn passengers. Last year, it served 7,200. It peaked in 2017 at 104,000.

bneGREEN: Fertiliser, electricity producers count the cost of the EU’s CBAM

Richard Lockhart in Edinburgh September 5, 2021

Emerging Europe's fertiliser and electricity exporters to the EU face a guessing game to estimate the costs of the EU's CBAM.