Activity under preparation Sustainable and Green Finance for Promoting Inclusive Growth TR2024AAP

About this project

Türkiye's green and digital transition, aligned with the EU¿s twin transition agenda and evolving global economic dynamics, requires extensive coordination and substantial green and sustainable financing. Turkish institutions have been collaborating with international donors, including the EU, to achieve national targets for this dual transition. However, in such a fast-paced, multi-actor landscape, striking a balance between sectoral growth and decarbonisation remains highly challenging. To address this, exploring additional pathways to meet these targets is crucial. Sustainable finance has the potential to mobilise large-scale resources for Türkiye's green and digital transformation, but it requires an enabling environment and support across all actors within the financial ecosystem to unlock these financing opportunities. To address this, the proposed action aims to strengthen Türkiye¿s sustainable finance ecosystem, facilitating impactful investments for the country's twin transition. It will do so by raising awareness, creating an enabling environment, building initial capacity among relevant stakeholders and creating synergies with relevant instruments such as Union Programs and EFSD+/Turkish Investment Platform (TIP), while laying the groundwork for mobilising investments into key sustainable and demonstrational projects in Türkiye. If implemented effectively, this action could significantly amplify the impact of existing climate change programs funded by donors,…

Goals

Sustainable Development Goals this project works towards

• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 9Industry, Innovation and Infrastructure
• 13Climate Action
• 17Partnerships for the Goals

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Countries

Türkiye

Sectors

Environmental policy and administrative managementFinancial policy and administrative managementEnergy generation, renewable sources - multiple technologies

Focus

Gender equality · Also contributesEnvironment · Also contributesGood governance · Also contributesBiodiversity · Main focusClimate mitigation · Main focusClimate adaptation · Main focusDesertification · Main focusDisaster risk reduction · Also contributes

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2021-ACT-62714.

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