The South Caucasus region has established itself as a corridor for transporting energy from Azerbaijan to Georgia, Turkey, and on to Europe. This book examines the capacity of this new east-west "Eurasian Bridge" to change the relations among these countries and analyzes the role of...

By enacting the Electricity Market Law in February 2001 and the Natural Gas Market Law in May 2001, respectively, Turkey began reforming the institutional environment of the Turkish energy industry. The aim was to unbundle the state-owned monopolistic structures of the markets by separating...

Introduction: Financial Implications of Regulations in the Energy Industry -- Environmental Regulatory Arbitrage by Business Groups in the Context of the European Union's Emission Trading System (EU-ETS) -- Measuring the Effects of Energy Efficiency Policies: Evidence from Turkish Manufacturing...

Turkey has been reforming its energy markets since the 1980s, culminating in two major bills in the early 2000s. The country has restructured electricity and natural gas markets, establishing an independent regulatory agency (EMRA) and passed legislation on renewable and nuclear energy. With...