From Global Mapping to Local Action

Green Finance, Regulatory Frameworks, and Policy Transformation for Sustainable Energy Transition in Qatar and Türkiye

Bibliographic Data

ID12308270
AuthorsFurkan Ahmad (0000-0002-1176-1759, Qatar Environment and Energy Research Institute, Hamad Bin Khalifa University, Qatar Foundation Doha Qatar), Ameni Boumaiza (0000-0002-8147-0076, Qatar Environment and Energy Research Institute, Hamad Bin Khalifa University, Qatar Foundation Doha Qatar, corresponding author), M Süha Yazici (0000-0002-1449-1811, Antalya Bilim University), Mehmet Yazici (0000-0003-4621-9836, Faculty of Economics, Administrative and Social Sciences, Antalya Bilim University Antalya Turkey), Nevin Taşaltın (0000-0001-6788-1605, Department of Basic Sciences Faculty of Engineering and Natural Sciences, Maltepe University Istanbul Turkey), Samet Özmen (0000-0002-8398-3107, Vakıf Participation Bank R&D Center Istanbul Turkey)
Year2025
Volume34
Issue2
Pages1648-1684
Publication date2025-11-12
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSustainable Development (JOURNAL)
Journal identifiersISSN: 0968-0802 • E-ISSN: 1099-1719
PublisherWiley (PUBLISHER • GB)
DOI10.1002/sd.70373
OpenAlexW4416197316
LanguageEN
Citations received2
References cited134

In 2024, global annual issuance exceeded USD 1.1 trillion mostly through green bonds, credits, and sustainability‐linked instruments, yet significant regional disparities remain. This article examines how Qatar and Türkiye, two hydrocarbon‐dependent but rapidly transitioning economies, are integrating green finance into their sustainability agendas. While Qatar leverages sovereign wealth and state‐backed issuances, illustrated by its oversubscribed $2.5 billion green bond in 2024, Türkiye advances through banking sector initiatives and the development of a national green taxonomy aligned with EU standards. The comparative analysis shows that Qatar's approach is characterized by centralized, resource‐backed financing, whereas Türkiye relies on regulatory reforms and diversified instruments to attract both domestic and foreign investors. Despite these differences, both nations face persistent challenges, including limited private sector participation, dependence on fossil‐fuel revenues, and the need for harmonized disclosure standards. By situating these national trajectories within the global green finance landscape, the study underscores how institutional pressures and transition dynamics shape localized pathways. The paper concludes with a clear policy recommendation: both countries must strengthen private capital mobilization through standardized green taxonomies and transparent disclosure systems to scale renewable energy investments and align with global decarbonization goals

Emerging markets · Green growth · Private capital · Private sector · Project finance · Renewable energy · Sovereignty · Sustainability · Sustainable development · Energy, Environment, Economic Growth · State Capitalism and Financial Governance · Sustainable Finance and Green Bonds

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