The Ministry of Industry and Technology of the Republic of Türkiye, in collaboration with the European Bank for Reconstruction and Development (EBRD), the International Bank for Reconstruction and Development (IBRD), and the International Finance Corporation (IFC), has announced the establishment of the Türkiye Industrial Decarbonization Investment Platform (TIDIP). This initiative aims to facilitate Türkiye’s transition to a low-carbon industrial sector, aligning with national climate and development objectives.
The platform seeks to transform Türkiye's industrial sector from reliance on fossil fuels to renewable energy sources. By promoting energy efficiency and innovation, it aims to maintain economic competitiveness while enhancing energy security and fostering sustainable development.
The TIDIP will focus on energy-intensive industries such as iron and steel, aluminum production, cement, and fertilizers. These sectors hold significant potential for decarbonization. The efforts will be guided by four Low Carbon Pathways developed by MoIT with EBRD support.
The platform will identify additional decarbonization investments in key sectors. The MoIT will oversee activities, ensuring collaboration among stakeholders including industrial companies, technology providers, engineering firms, development agencies, and sector associations.
To support implementation, TIDIP includes two Technical Assistance components: coordination among stakeholders with policy advisory services aligned with national priorities and EU climate policies; and assistance for individual companies in preparing customized decarbonization investment plans.
IFC’s Director for Türkiye and Central Asia, Wiebke Schloemer stated: “Türkiye Industrial Decarbonization Investment Platform is a landmark initiative that reaffirms our commitment to a sustainable and resilient future for Türkiye's industrial sector. With this collaboration, we are paving the way for significant investments in low-carbon technologies and renewable energy. This platform will not only reduce greenhouse gas emissions but also enhance the competitiveness of Turkish industries and create new job opportunities. We are committed to enabling a sustainable industrial transformation that will secure a prosperous and environmentally responsible future for Türkiye.”
Humberto Lopez, Türkiye Country Director of the World Bank said: “The establishment of the Türkiye Industrial Decarbonization Investment Platform is another piece of the country strategy to move toward a low-carbon economy while ensuring the competitiveness of the industrial sector. Through this strategic partnership with the IBRD, IFC, and EBRD, we are not only helping to scale the necessary finance but also empowering our industries to thrive in a green economy. Together, we aim to foster innovation, safeguard energy security, and drive sustainable growth, positioning Türkiye as a leader in industrial transformation on the global stage.”