The world needs to "rethink" and "redesign" its energy infrastructure in response to the climate crisis, requiring massive financial resources, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said Friday, warning that public funding alone cannot meet the challenge.
Bayraktar's remarks came on the sidelines of the Climate Finance Summit in Istanbul, organized ahead of this year's U.N. climate summit, COP31.
At the conference in the southern Antalya province scheduled for November, Türkiye will seek to deliver a historic action plan with concrete solutions to the climate crisis, with a particular focus on financing.
"Floods, droughts, wildfires, and storms around the world are disrupting electricity transmission and distribution. Due to global warming and climate change, we must rethink, redesign, and strengthen our electricity infrastructure," Bayraktar said Friday.
The infrastructure built today must be designed to withstand the climate conditions of the next 10 years, he said. This, however, will require enormous financial resources, and public funding alone will not be enough, Bayraktar cautioned.
