Türkiye decarbonization platform expands backing to mobilise €5 billion by 2030

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Türkiye decarbonization platform expansion

Highlights

TIDIP expands at COP31 with the European Investment Bank, Asian Development Bank, Islamic Development Bank, Cassa Depositi e Prestiti, and the European Commission joining.
The platform targets €5 billion mobilization by 2030 for industrial decarbonization, adding glass and ceramics sectors alongside steel, aluminium, cement, and fertiliser.
U.S.$250 million in concessional finance secured from CIF's Industry Decarbonization Program under TIDIP, with EBRD as a key coordinator and over €26 billion committed in Türkiye since 2009.

Broader multilateral backing at COP31

As reported by the EBRD, the Türkiye Industrial Decarbonization Investment Platform, known as TIDIP, is expanding with the addition of the European Investment Bank, Asian Development Bank, the Islamic Development Bank and Cassa Depositi e Prestiti, while the European Commission has also signed on.

The country-led platform, which the EBRD helped spearhead from its inception, aims to mobilise €5 billion by 2030 for decarbonisation investment. The EBRD, the World Bank Group and the International Finance Corporation are among its founding signatories.

EBRD President Odile Renaud-Basso says international collaboration is becoming more important as industrial decarbonisation moves from ambition to implementation. She says joint work under TIDIP can help build a pipeline of investments that supports climate goals while strengthening Türkiye’s long-term industrial competitiveness.

Sector focus and financing pipeline

TIDIP is intended to translate decarbonisation priorities into investable projects across major industrial sectors and supports the green industrialisation pillar of the COP31 Climate Action Agenda. The platform seeks to mobilise private capital, align policy and investment priorities, provide technical assistance and capacity building, and coordinate financing for industrial decarbonisation.

First announced in 2024, the initiative builds on low-carbon pathways developed by the EBRD and Türkiye’s Ministry of Industry and Technology for steel, aluminium, cement and fertiliser. During COP31, glass and ceramics are also added to the designated sectors.

Under the platform, U.S.$250 million in concessional finance has been secured from CIF's Industry Decarbonization Program. The EBRD says the sector pathways will help identify the technologies, financing needs and policy measures required to advance Türkiye’s low-carbon industrial transition.

The bank remains one of Türkiye’s largest institutional investors, with more than €26 billion committed in the country since 2009, predominantly in the private sector.

Previously, we highlighted the Europe macro debate on balancing inflation control, debt burdens, and long-term investment needs.

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