Green Transformation of the Real Sector in Türkiye: A priority Evaluation with DEMATEL Methodology

Abstract

Increasing awareness of global changes in the natural environment, such as climate change and increasing biodiversity loss, has led to the concept of green transformation. Green transformation is a broad concept that includes objectives such as environmental sustainability, conservation of natural resources, combating climate change and ensuring energy efficiency. While the transition to green transformation provides advantages such as reducing greenhouse gases from fossil fuels, increasing energy efficiency, increasing the use of clean energy resources, reducing dependence on natural resources that increase carbon emissions, and new business opportunities, green transformation projects have disadvantages such as high initial investment costs, the installation of renewable energy infrastructure, the variable structure of renewable energy resources can cause problems in energy storage, and the need for energy storage technologies due to the fact that resources such as wind and solar are not continuous and predictable, imposing extra costs on businesses. Given the disadvantages of green transformation, it is important to pay attention to policies and strategies to overcome these challenges. A sustainable green transformation requires balanced and comprehensive policies to mitigate these challenges and maximize the benefits. This study aims to examine the green transformation of the real sector in Turkey and to rank the most effective strategies for transition to green transformation. It is aimed to rank the criteria that play the most role in the transition to green transformation and to offer solutions to the criteria. The critical success factors of the green transformation of the real sector in Turkey are evaluated in line with the answers given by three expert opinions. The data obtained from the expert opinions were analyzed by DEMATEL method, which is one of the multi-criteria decision-making methods. In the study, the eight most frequently mentioned criteria in the literature were identified. In the study, the criteria for the green transformation of the real sector in Turkey; increasing legal regulations for green transformation, increasing green financing opportunities, consumer preferences and behaviors, qualified workforce / green collars specialized in environmental issues, use of recyclable materials, increasing environmental social responsibility projects, combating air and environmental pollution, increasing investment in environmentally friendly energy resources factors were evaluated. As a result of the analysis, it was found that the most important criterion for the green transformation of the real sector in Turkey is the need to increase legal regulations for green transformation. The second most important criterion for the green transformation of the real sector in Turkey is to increase green financing opportunities for green transformation. Turkey needs to achieve a more stable legal framework and more supportive financing opportunities to transition to green transformation.