
EBRD signals further investment in Türkiye
Elisabetta Falcetti, Managing Director for Türkiye and the Caucasus at the European Bank for Reconstruction and Development (EBRD), stated at the COP31 Climate Summit in Antalya that Türkiye has a substantial need for electrification investments.
Falcetti noted that Türkiye aims to increase its electrification rate from the current 22% to 35% by 2035, emphasizing the need to accelerate investments in renewable energy, energy efficiency, and storage technologies. She also stated that the EBRD has provided approximately €14 billion to support Türkiye's green transition to date.
Under a decarbonization platform developed by the EBRD in cooperation with the Ministry of Industry and Technology and international financial institutions, the bank aims to mobilize €5 billion in financing by 2030. Focusing particularly on the transformation of the steel, cement, and automotive industries, the EBRD reported annual investments of €3–4 billion in Türkiye. Falcetti noted that investments reaching €2.7 billion in the current period could signal a new financing record, adding that the Turkish economy continues to demonstrate resilience against external shocks.


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