Energy Shift Capital Founder İlkay Demirağ made evaluations to Bloomberg HT at the COP 31 Summit.
İlkay Demirağ, Founder of Energy Shift Capital, stated at the COP 31 Summit that energy has become the backbone of the economy and investments are directed towards energy security.
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Energy Shift Capital Founder İlkay Demirağ spoke to Bloomberg HT within the scope of the COP 31 Summit.
Energy Shift Capital Founder İlkay Demirağ spoke to Bloomberg HT at the COP 31 Summit.
Stating that there is a paradigm change, Demirağ said, "Energy has become the backbone of the entire economy. Defense industry, space technologies, technology companies and energy are very converged. All investments affect each other." he said.
Demirağ stated that since the most critical issue in energy is energy security, there is a serious shift in investments in this area.

In his statements to CNN TÜRK at COP31, Minister of Energy Alparslan Bayraktar stated 2027 as a critical turning point for oil and natural gas production. He shared that Türkiye has a target of reaching 10 thousand megawatts by 2040 and 20 thousand megawatts by 2050, that Sakarya Gas Field production will double in 2027 and that it plans to bring an electric cable to Cyprus.
In his evaluation within the scope of COP31 held in Antalya, GWEC Director Cole stated that Türkiye's renewable energy targets and progress in wind energy set an example for other countries on the path to global leadership.

Koç Holding emphasized the contribution of domestic industrial infrastructures to energy independence. Former US Vice President Al Gore and International Energy Agency President Dr. Fatih Birol made speeches. Gore congratulated Türkiye's hosting of COP31 and stated that political will is a renewable resource. Birol stated the importance of dialogue between governments and the business world.

Türkiye earned approximately $500 million in electricity export revenue between January 2025 and August 2026. Most of the sales went to Iraq and Syria. However, only one seventh of the country's capacity to sell electricity to its neighbors is being used.
Minister of Energy Alparslan Bayraktar announced that a memorandum of understanding was signed with Saudi Arabia for 5 thousand megawatts of renewable energy projects. The projects will be carried out by ACWA Power in two phases.
Minister of Energy and Natural Resources Alparslan Bayraktar announced the National Energy 2040 plan at COP31, which aims to invest 300 billion dollars in Türkiye's energy sector by 2040 and increase its installed capacity to 281 gigawatts.