Early Warning System

Countries

Turkiye

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Turkey - Ministry of Industry and Technology

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Industry and Trade
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Grant

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Project Cost (USD)

$ 113.22 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 100
Converted using 2025-04-30 exchange rate.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 7, 2025

Disclosed by Bank Apr 30, 2025

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Turkish authorities requested the EBRD's support to develop a dedicated business platform aimed at mobilising investments needed to implement the roadmaps set out by Low Carbon Pathways for the progressive decarbonisation of the Turkish cement, fertilizer, aluminium, iron and steel sectors in line with the Turkish Government's sustainable development and decarbonisation goals.

This follows extensive engagement with the Ministry of Industry and Technology (MoIT) in developing the said Low Carbon Pathways (LCPs).

In November 2024, the MoIT and MDB Partners, all together called as TIDIP Parties, signed a Joint Declaration (JD) on establishing the Turkiye Industrial Decarbonisation Investment Platform (TIDIP) which is a significant step towards achieving the country's net-zero ambitions. According to Joint Declaration, the parties intend to support projects, help mobilise financing and resources, including in grants and concessional resources to support its implementation, in line with the following indicative components and targets by 2030 currently estimated as:

The deployment of over EUR 100 million in Technical Assistance and concessional finance.

Over EUR 5 billion of decarbonisation projects under implementation in line with the objectives of TIDIP supported by finance from commercial banks and IFIs

Reduction of GHG emissions resulting from these investments of over 20 million tons CO2eq per year.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment amount not available at the time of disclosure.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html