EBRD welcomes expansion of Türkiye’s TIDIP

• EBRD-supported TIDIP adds new signatories
• Platform receives EU support at dedicated event in COP31
• EBRD President says the platform to support “long-term industrial competitiveness”

The European Bank for Reconstruction and Development (EBRD) welcomes the expansion of the Türkiye Industrial Decarbonization Investment Platform (TIDIP), a country-led initiative the Bank helped spearhead from its inception.

At a dedicated event at COP31, the European Investment Bank, Asian Development Bank, the Islamic Development Bank and Cassa Depositi e Prestiti (CDP) joined the country-led platform, strengthening international cooperation to accelerate investment in Türkiye’s industrial decarbonisation. The European Commission also signed on. 

Odile Renaud-Basso, EBRD President, said: “As industrial decarbonisation moves from ambition to implementation, international collaboration is increasingly important to accelerating investment, sharing expertise and scaling practical solutions.

“We are delighted to welcome our fellow multilateral development banks to TIDIP. By working together, we can help develop a pipeline of investment opportunities that advance climate objectives while strengthening Türkiye’s long-term industrial competitiveness.”

TIDIP aims to translate decarbonisation priorities into investable projects across key industrial sectors, with the potential to mobilise €5 billion by 2030 in decarbonisation investment. The EBRD, the World Bank Group and the International Finance Corporation were among the platform’s founding signatories.

The platform directly supports the green industrialisation pillar of the COP31 Climate Action Agenda by providing a country-led platform to accelerate industrial decarbonisation, mobilise private investment and advance Türkiye’s transition towards a low-carbon, competitive industrial sector.

Under TIDIP, US$250 million in concessional finance has been secured from CIF's Industry Decarbonization Program.

First announced in 2024, the platform builds on sectoral low-carbon pathways (LCPs) developed by the EBRD and Türkiye’s Ministry of Industry and Technology, which set out investment roadmaps for decarbonising the steel, aluminium, cement and fertiliser sectors. With the EBRD’s support, these pathways will help identify the critical technologies, financing needs and policy measures required to drive industrial decarbonisation.

During COP31, glass and ceramics have also been added to the designated sectors.

By connecting national and international policy ambitions with tangible outcomes in the real economy, TIDIP seeks to align investment and policy priorities, focus efforts on key sectors and technologies, provide technical assistance and capacity building, and facilitate coordinated financing for industrial decarbonisation.

The EBRD is one of Türkiye’s leading institutional investors, having committed more than €26 billion to the country since 2009, predominantly in the private sector.