Türkiye Launches Platform to Cut Industrial Carbon Emissions
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Türkiye has introduced the Türkiye Industrial Decarbonization Investment Platform (TIDIP), aiming to help industries reduce carbon emissions and support the country’s net-zero goals. The platform, announced in Ankara, is backed by the European Bank for Reconstruction and Development (EBRD) and other financial institutions.
The initiative plans to invest $5 billion by 2030, focusing on cutting emissions in key sectors like steel, aluminum, cement, and fertilizer. This is expected to lower annual carbon emissions by more than 20 million tons.
Minister of Industry and Technology Mehmet Fatih Kacır highlighted that Türkiye needs around $70 billion in investments across these sectors to meet its 2053 net-zero target. The platform will combine efforts from Turkish industries and international institutions to support this transformation.
EBRD President Odile Renaud-Basso emphasized the importance of Türkiye's leadership, noting the platform’s role in supporting small and medium-sized enterprises (SMEs) and improving supply chain resilience. EU Ambassador Thomas Hans Ossowski added that the project strengthens Türkiye’s ties with European trade while promoting sustainable growth.
Source: dailysabah
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