Minister of Industry and Technology Mehmet Fatih Kacır attended the "Special Green Transformation Support Package Promotion and Signing Ceremony for Companies in OIZs" within the scope of the 31st Conference of the Parties (COP31) to the UN Framework Convention on Climate Change, hosted by Türkiye for the first time.
Kacır, who inspected the stands within the framework of COP31, said in his speech before the ceremony that they, as Türkiye, shared the pride of hosting the organization.
Stating that the topics such as green transformation of the industry, circular economy, widespread use of zero waste approaches in the industry and rapid reduction of emission levels to target levels, especially in priority sectors, came to the fore in the organization, Kacır explained that, as the Ministry, they are striving to alleviate the burden on the industrialists in this journey, to contribute to the financing of the transformation under the most favorable conditions as possible, and to take steps that will enable international financial resources to be directed to the country in a way that facilitates the green transformation of the Turkish industry.
Referring to the "Turkish Industrial Decarbonization Investment Platform Official Launch Event and Partnership Participation Ceremony" held during the day, Kacır said, "With the participation of the European Development and Reconstruction Bank, World Bank Group, Islamic Development Bank, Asian Development Bank and the European Union, we have taken a very important step to provide international financing of over 5 billion euros to the Turkish industry for Türkiye's green transformation goals by 2030." he said.
FINANCIAL STEPS TAKEN TOWARDS Türkiye'S PROJECTS
Stating that they believe that Turkish financial institutions will have a very important role and contribution in this process, Kacır stated that they have recently taken steps to support the industry, hand in hand and back to back with banks that add value to Türkiye, and that they have achieved significant gains in the steps taken so far.
Kacır pointed out the financial steps taken by international financial mechanisms for Türkiye's projects so far and said:
"We carried out the Turkey Green Industry Project in cooperation with the World Bank. With the support of KOSGEB, we installed 540 megawatts of solar energy on the roofs of 1987 SMEs. With TÜBİTAK, we enabled 1200 companies to prepare the Green Transformation Road Map, and in the Turkey Organized Industrial Zones Project, we are implementing 42 green transformation investments in our organized industrial zones with a budget of 250 million euros. We also created 250 million dollars of Sustainable Organized Industrial Zones with the Islamic Development Bank. "We concluded the financing agreement for the project and brought 250 million dollars of low-cost financing to our country's industry with the Climate Investment Fund."
GREEN CREDIT PACKAGE FOR OIZS
Kacır stated that with the financing package to be signed today, especially with the cooperation of Ziraat Bank and Credit Guarantee Fund, it is aimed to facilitate access to finance for green transformation investments and increase the investment capacity of enterprises operating in organized industrial zones, and said, "Here, both enterprises operating in organized industrial zones and legal entities of organized industrial zones will have the opportunity to meet their working capital needs in line with these targets. I believe that the guarantee support provided by the Credit Guarantee Fund will increase the investment capabilities of our enterprises." he said.
Kacır thanked Ziraat Bank and the Credit Guarantee Fund, which contributed to the process and implemented many mechanisms together with the Ministry to increase the investment, production and competitiveness of the industry, especially the capacity development, competitiveness, refinancing, guarantee and manufacturing industry financing support programs that have been implemented so far.
Following the speech, a special green loan package for companies in OIZs was signed between the Ministry of Industry and Technology, Ziraat Bank and Credit Guarantee Fund.
