RIYADH: The European Bank for Reconstruction and Development plans to invest $6 billion over five years in Turkiye’s new renewable energy platform, REACT, launched at COP31. The Renewable Energy Acceleration and Clean Transition program aims to mobilize $300 billion in investment across the renewable energy value chain by 2040, in line with the COP31 goal to increase electricity’s share of global final energy consumption to 35 percent by 2035.…