$14 billion invested by Turkey on environmental protection

New data recently released by the Turkish Statistical Institute (TurkStat) shows that between the years 2019 and 2023, Turkey has invested over half a trillion Liras on environmental protection. The data showed that waste and wastewater management took the largest share of investment.

514 billion Turkish Lira invested in Turkey

According to the data released, a total of 514 billion Turkish Lira ($14.76 billion) was spent on efforts to prevent, reduce, and eradicate pollution in the country during the five year period of 2019 – 2023.

Breaking this data down further, 319 billion Turkish Lira (62.1%) was dedicated towards waste management, making it the largest investment of environmental spending that the country made. Wastewater management accounted for 96 billion Lira (18.7%).

34 billion Turkish Lira (6.6%) of funding was directed towards efforts to protect biodiversity and landscapes. 22 billion Turkish Lira (4.4%) was spent on the improvement and protective measures of soil, groundwater, and surface water quality.

Investment in air quality and climate

Air quality and climate measures saw considerable investment in Turkey, with 16.8 billion Turkish Lira spent during the time period. 3.1 billion Turkish Lira was spent on research and development, while smaller amounts were spent on noise reduction.

Environmental protection investments

According to the data, environmental protection investments in Turkey amounted to 110 billion Turkish Lira during the same five year period. Most of this investment came from financial and non-financial companies (92.2 billion Turkish Lira). Non-profit companies and organisations serving the public sector invested the rest of the 18.6 billion Turkish Lira.

With such significant investments, Turkey is positioning itself as a regional leader in environmental sustainability, aligning its efforts with global initiatives to combat climate change and preserve natural resources. As Turkey progresses, the balance between economic growth and environmental preservation will remain critical in ensuring long-term sustainability.