03/01/2018

Since the beginning of the global economic crises, the stress of the world has been increasing steadily. Therefore, energy accumulation of the fault lines at the world political life may create new earthquakes in the world political system. The global economic crises started with the mortgage crises in USA and then spread to EU and other part of the world. Millions of people lost their job as a result of global economic crisis in the world. Today, because of the globalization and internalization of the production process, any economic development, positive or negaitve, can easily affect the other economies.   Although economic crisis increased its effect, the developed countries rejected to make structural reform to overcome the reasons of the crisis. Instead, they only increased the emission of Dollars and…

03/01/2018

Energy is one of the fundamental inputs of the economic and social development of the societies. Its consumption has been increasing parallel with the population and economic growth. Since the establishment of the Republic, population, GDP and energy consumption of Turkey have been growing steadily. In table 1 energy, population and economic situation of Turkey between 1973-2013 were summarized.    Table 1: Population, Economy and Energy Situation of Turkey Between 1973-2013   Population  (*1000) GDP Billion $ (1990 Prices) GDP Per Capita $ Energy Demand (MTEP) Electricity Consumption (TWh) Energy Demand Per Capita Electricity Demand Per Capita (kWh/Person 1973 38.072 76 1,994 24.6 12.4 646 326 1990 56.098 150 2,674 53.7 56.8 957 1,013 1995 62.171 178 2,861 64.6 85.6 1,039 1,376 2000 67.804 214 3,158 82.6 128.3 1,218 1,892…

03/01/2018

Energy deficit and current account deficit problem are the two main problems of our country. Because of the lack of domestic fossil based energy resources, Turkey has to import large amount of its energy needs from abroad. This situation creates rigidity in current account deficit in Turkey. Although Turkey does not have enough fossil based energy resources, it has enourmous renewable energy resources. We believe that, If Turkey can evaluate its domestic renewable energy resources, it can decrease its dependence to foreign energy resource and decrease the current account deficit at a significant level. In this essay, we try to analyze renewable energy investment and current account deficit of Turkey.  In order to make clear analysis, efficiency, capacity factors, initial investment and operating and maintenance cost of energy plants should…

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