TEB General Manager Ümit Leblebici spoke to NTV: Electrification is inevitable

The 31st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31) continues in Antalya. Electrification and financing topics stand out at the summit.

TEB General Manager Ümit Leblebici also answered NTV's questions in this context.

"I found it very useful for Türkiye. We also have colleagues from our global partner BNP Paribas here. When I asked them to compare it with the previous COP, they commented that it was one of the best COPs." Leblebici said and continued:

"I think Turkey has undertaken the right mission. In the past, there was more talk and less action. Naturally, there needs to be talk, now I think if Turkey manages to implement the action side, it will be a very good result."

Regarding the role of his partner BNP Paribas, Leblebici said, "There is a benefit of having BNP Paribas. Everything that is done needs regulation. We build dams so that rain falls, turns into a river, and then a dam is formed, and we direct it in this way. Regulation serves that purpose. BNP is already one of the leading banks in Europe that focuses on these matters." he said.

Leblebici drew attention to the importance of the electrification target and said that Türkiye is in an advantageous position:

"Electrification is inevitable. When you look at it from the perspective of our resources, it is obvious how much it is needed when we see the turmoil in the world recently. New technology is directing towards offshore wind turbines. Turkey has an advantage in this regard, so I think new investments will come."

Concluding his words, Leblebici said, "There are many things that Türkiye can pioneer, we will gradually see concrete examples. When we see these implemented, COP31 will have achieved its purpose. Of course, we also have a duty here. We will try to finance it." he said.