Turkey has introduced the Turkiye Industrial Decarbonisation Investment Platform (TIDIP) in Ankara, a major initiative to advance its net-zero goals. Spearheaded by the European Bank for Reconstruction and Development (EBRD), the platform aims to attract USD 5 bln in investments by 2030, targeting an annual reduction of over 20 mln tons of carbon emissions.
In collaboration with the World Bank Group and International Finance Corporation, the EBRD seeks to mobilize substantial climate finance to decarbonize key industrial sectors, including steel, aluminium, cement, and fertilisers. The effort relies on low-carbon pathways (LCPs) developed by the EBRD and Turkey’s Ministry of Industry and Technology. These pathways outline critical technologies, financing, and policy measures for sustainable decarbonisation while supporting private and public investment pipelines.
With the European Union’s Carbon Border Adjustment Mechanism coming into effect, Turkish exporters face increased costs, particularly as nearly half of Turkey’s exports go to the EU. Decarbonising carbon-intensive industries is crucial for boosting competitiveness, attracting investment, and managing costs.
TIDIP is the world’s largest industrial decarbonisation programme and aims to unite policymakers, project developers, and financiers in coordinated green investment efforts.
