TRAction seeks a common solution for the decarbonization of industry

Within the scope of TRAction - Turkey Platform for Climate Action and Beyond, which was implemented with the cooperation of WWF-Turkey (Wildlife Conservation Foundation), TUSIAD and UN Global Compact Turkey and the support of the European Union, "Towards COP31: Round Table Meeting on Emission Reduction and Green Transformation of Power Industry Sectors in Türkiye" was held in Istanbul. At the meeting, which brought together representatives of industry, finance, business world and civil society, policy, financing and cooperation opportunities that would accelerate the green transformation of the industry in line with Türkiye's 2053 net zero emission target and the adaptation process to the European Green Deal were evaluated.

At the meeting, where WWF's international experts conveyed global developments regarding the decarbonization of the industry, participants discussed the technological, economic and regulatory obstacles to the transition to low-carbon production; They discussed access to finance, sectoral decarbonization roadmaps and market conditions for low-carbon products. Priority needs of the sectors and concrete solution suggestions were discussed in the round table sessions.

In the evaluations of the participants, the issues of prioritizing and supporting energy and resource efficiency to accelerate the low-carbon transformation of the industry, strengthening public policies and infrastructure investments to reduce the carbon intensity of energy provided from the electricity grid, access to affordable financing, predictable regulatory frameworks and strengthening the demand for low-carbon products came to the fore.

While COP31, which Türkiye will host in Antalya in November, is being prepared with an "Implementation COP" approach that aims to transform climate commitments into concrete practices, green industrialization is among the priority agendas of the climate conference. In this context, the TRAction roundtable meeting provided a basis for consultation before COP31 to reveal the needs and solution proposals regarding the transformation of industrial sectors that are difficult to reduce emissions in Türkiye and to develop concrete proposals that will contribute to the international climate agenda.

The key findings and evaluations highlighted at the meeting will be shared with national and international stakeholders at the side event organized by TRAction at COP31.

After COP31, the policy recommendations developed at the meeting will be brought to the agenda in consultations with relevant public institutions in Türkiye. Thus, the multi-stakeholder dialogue carried out within the scope of TRAction is aimed to contribute to national policy processes that will support the green transformation of the industry.

The TRAction platform continues its efforts to strengthen cooperation between the business world and civil society, contribute to the development of Türkiye's climate policies and support the green transformation of the industry in line with supporting compliance with the European Green Deal and disseminating science-based targets.