Turkey
Erdogan says Turkey looking at fighter jet, submarine and more nuclear cooperation with Russia
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
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
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
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.
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Erdogan issues S-400 threats after unhappy time in New York
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
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
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
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
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
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
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
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
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%
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
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
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
Tehran concerned at how special forces from Turkey linked up with Azerbaijani counterparts.
ISTANBUL BLOG: ‘Core’ blimey guvnor
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
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
Emerging Europe's fertiliser and electricity exporters to the EU face a guessing game to estimate the costs of the EU's CBAM.
