The Potential Impacts of Green Transformation on the Turkish Economy and Foreign Trade: A Conceptual Framework Based on the SDGs

Objective: The objective of this study is to investigate the impact of the green transformation on the Turkish economy and foreign trade, with the aim of developing policy recommendations that ensure sustainable growth and resilience in commercial relationships. Theoretical Framework: This topic is underpinned by concepts and theories related to green economics and sustainable development goals (SDGs), particulary, ensuring access to affordable, reliable, sustainable and modern energy for all. Theories such as circular economy and ecological modernization are pivotal, providing a solid basis for understanding the shift towards sustainable economic policies and practices. Method: The methodology for this research comprises a conceptual analysis supported by a systematic literature review. This approach involves synthesizing existing research findings from various disciplines including economics, environmental science, and international relations. A comprehensive review of academic articles, EU policy documents, and reports from international economic organizations was conducted. Results and Discussion: The results obtained revealed significant potential impacts of the green transformation on sectors of the Turkish economy heavily involved in trade with the EU. The discussion contextualizes these findings within the theoretical framework, highlighting the implications for economic transformation and the relationship with environmental sustainability. Possible discrepancies between policy intentions and practical outcomes, as well as limitations in current economic models, are also considered. Research Implications: The practical and theoretical implications of this research are discussed, providing insights into how the results can influence economic and environmental policies in Turkey. These implications could encompass adjustments in trade practices, industrial upgrades, and enhanced environmental regulations. Originality/Value: This study contributes to the literature by highlighting the interconnections between international environmental agreements and national economic strategies. The relevance and value of this research are evidenced by its potential to guide policymakers in aligning Turkey's economic strategies with global climate goals, thereby impacting both the theoretical and practical aspects of economic and environmental studies.