Climate Change and Energy

Aksa Energy is well aware of its growing responsibility to develop efficient technologies and practices due to the high impact the energy industry has on global climate change.

To this end, Aksa Energy signed the Trillion Tonne Communiqué – a declaration to the world by companies demanding that measures be taken to combat climate change. The Company places great importance on the battle against climate change and is committed to becoming a more sustainable and responsible organization in this regard. 

Aksa Energy sold its wind power plants due to a shift in the Company’s business model. Moreover, the hydroelectric power plant was sold as well.. Additionally, the licenses of some fuel oil and natural gas power plants were cancelled and the equipment of these decommissioned plants was used to construct three fuel oil power plants in Africa, a region with urgent energy demand.  

The power plants which were previously operating with low capacity in Turkey are currently operating with high capacity in Africa. Bolu Göynük Thermal Power Plant reaching full capacity along with high capacity utilization rates of the power plants in Africa and the removal of the renewable power plants from the portfolio increases Aksa Energy’s greenhouse gas emissions in 2017 compared to the previous year. Therefore, the 15% emission reduction target per MWh by 2020 over year 2008 is currently being updated due to the changes in the Company’s portfolio.   

Aksa Energy plans to assess the annual performance of those power plants with increased greenhouse gas emission and set new targets as new investments take shape.

Redirecting its climate change strategy, Aksa Energy continues to conduct its business activities with the most efficient production methods and prioritizes maximum energy efficiency. Energy efficiency is a top priority for Aksa Energy in parallel with its new climate change strategy. The Company’s efforts to this end include the following projects: