Türkiye launched the Türkiye Industrial Decarbonisation Investment Platform (TIDIP), a key initiative to reduce carbon emissions across its industrial sectors. The event, held in Ankara, marks a major step in Türkiye’s pursuit of its net-zero targets. The European Bank for Reconstruction and Development (EBRD) leads the platform to decarbonise Türkiye’s industries and attract investments.
Major Investment Push for Industrial Decarbonisation
The TIDIP aims to mobilise $5 billion in investments by 2030. The funding will reduce over 20 million tonnes of carbon emissions annually, which is key to achieving climate targets. The platform targets Türkiye’s carbon-intensive sectors like steel and cement, with support from the EBRD, World Bank, and IFC.
A central element of the TIDIP is the adoption of low-carbon pathways (LCPs). Developed by the EBRD and Türkiye’s Ministry of Industry, these pathways will guide decarbonisation in steel, aluminium, cement, and fertiliser. The LCPs will outline the technologies, policies, and financing strategies required to transition to a low-carbon economy. The platform fosters stakeholder engagement, creating investment opportunities to ensure sustainable and effective decarbonisation across key industries.
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Expansion Plans to Include Other Key Sectors
While the initial focus will be on the steel, aluminium, cement, and fertiliser sectors, the TIDIP plans to expand to other critical industries in the coming years. These will include glass, ceramics, and chemicals, with additional LCPs being developed for each sector. The EBRD will leverage insights from NWFE-EP and North Macedonia’s JETIP projects to guide TIDIP’s expansion and success.
As Türkiye’s export industries face higher costs due to the EU’s Carbon Border Adjustment, decarbonisation is crucial for competitiveness, investment, and cost management.
Odile Renaud-Basso, EBRD President said, “The efforts of the private sector, financial institutions and multilateral development banks (MDBs) such as ours cannot fully succeed without robust national leadership. Uniting public and private entities –guided by leadership at country level – accelerates progress and amplifies impact towards climate goals.”
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The TIDIP platform not only aids Türkiye’s decarbonisation efforts but also boosts market visibility for sustainable technologies. It offers regulatory clarity to help businesses incorporate climate and sustainability into their decisions.
