The EBRD is promoting the acceleration and scale-up of sustainable energy investments in Turkey. As part of MidSEFF, a dedicated carbon finance programme has been launched offering participating banks support with the design of internal carbon pricing and climate finance tracking approaches that can be used to support investment decision-making processes and facilitate access to new sources of finance.
All of the Turkish banks that are engaged in the financing of renewable energy assets still maintain a considerable exposure to carbon-intensive industries and corporates that are directly or indirectly impacted by carbon pricing legislation. Such exposure merits the consideration of climate change as a strategic issue that requires full integration with internal business processes and decision-making mechanisms. This report serves to inform banks in Turkey about possible approaches to determining an internal carbon price. This report also aims to inform banks on different approaches to climate finance tracking and recommends how banks can develop a climate finance tracking framework.
