Climate Focus is supporting the EBRD with the implementation of a carbon finance programme component under the Mid-size Sustainable Energy Financing Facility (MidSEFF) in Turkey. MidSEFF is a 1.5 billion Euro green credit line that supports renewable energy and energy efficiency investments.
Turkey has been a leading supplier of voluntary carbon credits, providing banks with opportunities to monetize the climate impacts generated by funded investments. Started in 201, the technical assistance programme is developing and promoting the participation of Turkish banks and companies in Turkey’s domestic carbon market. This includes sharing information related to ongoing carbon market developments, national and international climate policy developments, and monetization strategies.
The programme builds capacity on carbon markets at three levels:
- National level: Capacity building and policy dialogue on topics around the voluntary carbon market, Article 6, international offset schemes (e.g. CORSIA), and climate policies.
- Carbon project support: Support for originating, developing, and monitoring carbon projects, as well as support with the monetization of generated carbon assets.
- Bank Support: Developing Turkish banks’ carbon market services, including brokerage, trading, and project origination.