Turkey launches $5b industrial decarbonisation investment platform

Turkey launched the Türkiye Industrial Decarbonisation Investment Platform (TIDIP) in Ankara, aiming to drive $5 billion in investments by 2030 to cut over 20 million tons of carbon emissions annually.

Spearheaded by the European Bank for Reconstruction and Development (EBRD), the initiative represents the world’s largest industrial decarbonisation programme to date.

The platform focuses on decarbonising key sectors, including steel, aluminium, cement, and fertilisers, with plans to expand into glass, ceramics, and chemicals. Developed in partnership with the Turkish Ministry of Industry and Technology, TIDIP is guided by low-carbon pathways that integrate technology, financing, and policy measures.

With the EU’s Carbon Border Adjustment Mechanism imposing higher costs on Turkish exports, the platform aims to enhance the competitiveness of local industries while promoting green investments.

EBRD President Odile Renaud-Basso highlighted the importance of country-led approaches, stating, “Uniting public and private entities under robust national leadership accelerates progress and amplifies impact.”

The EBRD, a key investor in Turkey, has committed over €21.1 billion across 461 projects since 2009, primarily in the private sector.

Attribution: the European Bank for Reconstruction and Development (EBRD)

Subediting: M. S. Salama