Views on Turkey's impending ESCO market: Is it promising?
AbstractTurkey's Energy Efficiency Law (EEL) came into force in May 2007. The EEL will transform energy policies implemented in the government and private sectors. The law and upcoming regulations will offer opportunities for the impending Energy Service Company (ESCO) market in Turkey. In this work, we briefly review the ESCO literature and its financing mechanisms in the world, and present our views with regard to the funding and related risks that are likely to be associated with the forthcoming Turkish ESCO market. These views are backed up with Turkish credit and banking market performance and the lessons learned from implementation of some EU-related projects involving the banking sector and small-and-medium-sized firms. We conclude that in order to create a promising competitive ESCO market, Turkey's policy must be to sustain its average 5% growth rate achieved lately for the coming decade, finish the structural reforms which will invite necessary capital inflows to ensure an economic stability and financing.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 36 (2008)
Issue (Month): 6 (June)
Contact details of provider:
Web page: http://www.elsevier.com/locate/enpol
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- WenShwo Fang & Stephen M. Miller & Chih-Chuan Yeh, 2012.
"The effect of ECSOs on energy use,"
2012-13, University of Connecticut, Department of Economics.
- Okay, Nesrin & Konukman, Alp Er S. & Akman, Ugur, 2009. "Analysis of Innovation and Energy Profiles in the Turkish Manufacturing Sector," MPRA Paper 16344, University Library of Munich, Germany.
- Okay, Nesrin & Akman, Ugur, 2010.
"Analysis of ESCO activities using country indicators,"
Renewable and Sustainable Energy Reviews,
Elsevier, vol. 14(9), pages 2760-2771, December.
- Okay, Nesrin & Akman, Ugur, 2009. "Analysis of ESCO Activities Using Country Indicators," MPRA Paper 17012, University Library of Munich, Germany.
- WenShwo Fang & Stephen M. Miller, 2012. "The effect of ESCOs on carbon dioxide emissions," Working papers 2012-14, University of Connecticut, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If references are entirely missing, you can add them using this form.