As Türkiye prepares to host COP31 in Antalya from 9 to 20 November 2026, the European Bank for Reconstruction and Development is positioning the event as a platform to advance climate action with governments, businesses and civil society. The bank is one of the country’s largest climate financiers, with more than €26 billion in cumulative commitments in Türkiye and €9.4 billion in green finance delivered across its operations in 2025.
Highlights
- EBRD will send a senior delegation to COP31 in Antalya, including President Odile Renaud-Basso, focusing on climate finance and environmental initiatives.
- EBRD aims to align its COP31 agenda with Türkiye's Action Agenda, prioritizing energy transition, green industrialization, resilience, and private-sector climate action.
- EBRD reiterates its goal that at least 50% of its annual business volume supports the green economy, a target consistently met in recent years.
Delegation and conference priorities
As reported by the EBRD, the bank is sending a senior delegation to the COP31 United Nations Climate Change Conference in Antalya, including President Odile Renaud-Basso, Vice President for Policy and Partnerships Mark Bowman, Vice President for Banking Matteo Patrone, and representatives from its climate and environmental teams.The institution says it will use the conference to engage with governments, clients, partners and civil society while supporting climate action. Its delegation is due to attend the Leaders’ Summit, “Towards a Sustainable, Resilient and Equitable Future”, and the COP31 Global Finance Summit, which is co-hosted by Bloomberg, the EBRD, the Glasgow Financial Alliance for Net Zero and the World Bank.
Türkiye’s role in EBRD green strategy
The bank says it welcomes the Turkish Presidency’s Action Agenda, which aligns with the priorities of its Green Economy Transition Strategy, including the energy transition, green industrialisation, climate resilience, country platforms and private-sector mobilisation.Türkiye remains one of the EBRD’s largest countries of operation and a long-standing partner for the lender. The bank aims to ensure that at least half of its annual business volume supports the green economy, a target it has achieved in previous years.
Malaysia’s need to strengthen fiscal buffers against recurring global shocks was a key focus of our earlier coverage, as rising spending commitments and an uncertain financing environment increase vulnerability to crises like geopolitical tensions, pandemics and climate-related disruptions. The piece noted that limited fiscal space—driven by a high share of operating expenditure—could be eased by measures such as broadening the tax base and refining targeted fuel subsidies, while sustained growth and prudent debt management remain crucial to maintaining investor confidence.
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