The key facts

  • The EBRD invested €2.5 billion ($2.8 billion) in Türkiye in 2026, with the expected year-end total of €2.7 billion ($3 billion), a record for the bank
  • €1.7 billion ($1.9 billion) of the investments went to green projects, including energy efficiency and electrification
  • The Türkiye-led industrial decarbonization platform TIDIP has attracted about $426.7 million

EBRD's record year in Türkiye

The European Bank for Reconstruction and Development (EBRD) has invested €2.5 billion ($2.8 billion) in Türkiye since the beginning of 2026 and expects total investments for the year to reach €2.7 billion ($3 billion) — a record level for the bank in the country, the Anadolu agency reported, citing EBRD President Odile Renaud-Basso. Of the funds invested, €1.7 billion ($1.9 billion) went to green projects: a significant share is linked to energy efficiency, as well as electrification and other areas of the green transition.

Statements on the eve of COP31 in Antalya

Renaud-Basso spoke at the bank's London headquarters ahead of the 31st UN Climate Change Conference (COP31), which will be held in Antalya, Türkiye, on November 9–20. She called Türkiye a leading emerging market that is 'genuinely embracing the green agenda' and noted that the country is using COP31 to demonstrate progress in fulfilling its commitments under the Paris Agreement. In her words, achieving the goal of limiting temperature rise to 1.5°C will require intensive efforts.

Context: the energy transition and a new initiative

The EBRD President listed factors that had complicated the fight against climate change — the COVID-19 pandemic, Russia's war with Ukraine, and the conflict in the Middle East — but, in her assessment, they have simultaneously accelerated the transition to clean energy; interest in renewable sources was also boosted by the energy crisis caused by supply disruptions in the Strait of Hormuz. She also spoke about the Türkiye-led industrial decarbonization platform TIDIP, which brings together Turkish private companies, other multilateral development banks, and private investors: it has already attracted about $426.7 million. In addition, the EBRD intends to invest in Turkish railways to support electrification. Separately, Renaud-Basso called on governments to align policies and regulatory frameworks with energy efficiency and recycling goals, and to link fiscal and tax instruments so that development banks can close the investment gap.