Minister Şimşek Emphasizes Private Sector in Climate Finance

Speaking at the 'Toward COP31: Climate Finance Policy Dialogue' program held at the Istanbul Finance Center, Treasury and Finance Minister Mehmet Şimşek stated that the main issue in climate finance is closing the gap between commitments and financing.

The Gap in Climate Finance Must Be Closed

In his opening speech at the program, Treasury and Finance Minister Mehmet Şimşek stated that the fundamental issue in climate finance is closing the gap between climate commitments and the financing required to bring these targets to life.

Public Resources Alone Are Insufficient

Stating that public financing plays an important role in meeting the need but is not sufficient on its own, Şimşek emphasized that no finance minister has a spare few billion dollars on hand.

He expressed that the core issue is to increase the impact of public resources and ensure that private investors feel confident about making investments.

Green Transition and Roadmap

Noting that Turkey's 2053 net-zero emission target sets the direction, Şimşek stated that the National Green Finance Strategy offers a clear roadmap.

Broad Participation Policy Dialogue

United Nations Resident Coordinator in Turkey Dr. Babatunde Ahonsi and Zero Waste Foundation President Samed Ağırbaş also attended and spoke at the event held at the Ziraat Bank General Directorate in the Istanbul Finance Center.

International Energy Agency President Fatih Birol and Central Bank of the Republic of Turkey Governor Fatih Karahan also took part in the program.