GEFF Türkiye

Green Economy Financing Facility Türkiye (GEFF Türkiye) supports Türkiye’s green economy transition with €500 million of financing by the European Bank for Reconstruction and Development (EBRD) to be disbursed for green economy investments through local participating financial institutions. The implementation of GEFF Türkiye is supported by €21.5 millions of concessional financing funded by the Clean Technology Fund (CTF) to implement corporate climate governance (CCG) improvements and technical assistance provided by the Facility Consultant at no-cost to beneficiaries. The technical assistance is funded by Clean Technology Fund (CTF), EBRD Shareholder Special Fund and the Türkiye – EBRD Cooperation Fund. The Facility Consultant for GEFF Türkiye is Stantec Türkiye. Combined with green lending, the Facility also aims to support mainstreaming of corporate climate governance (CCG) amongst participating financial institutions and end-beneficiaries. CCG refers to the rules, policies and processes organizations, including financial institutions, use to identify, assess, manage and disclose risks and opportunities resulting from climate change. CCG has developed in response to the growing recognition from regulators, business and finance that climate change is a major systemic source of risk as well as opportunities. Overall Aim of GEFF Türkiye: *SUSTAINABLE ENERGY: assist Türkiye to improve energy efficiency, increase utilization of renewable energy sources assisting directly to reduce energy imports, increase country energy security and reduce CO2 emissions *CLIMATE CHANGE: mitigate negative impacts of climate change and become climate resilient *GREEN ECONOMY: transition to green economy by overcoming market barriers and implementing successful green projects *CORPORATE CLIMATE GOVERNENCE: support mainstreaming of corporate climate governance amongst participating financial institutions. Please do not hesitate to contact us: bilgi@ebrdgeff.com