News

World Bank Supports Turkey’s National Climate Change Strategy

15 June 2010: The World Bank approved a US$700 million equivalent loan to promote private sector clean technology investments and operations and integrate principles of environmental sustainability, including climate change considerations in key sectoral policies and programmes in Turkey.

In particular, Pillar II of the project supports Turkey's National Climate Change Strategy following the ratification of the Kyoto Protocol in February 2009. Pillar I supports, inter alia, the energy programme, covering renewable energy and energy efficiency. Pillar III supports sustainable environmental management and is focused on the transposition of the EU Environmental Acquis and sectors/sub-sectors where environmental degradation could hamper sustainable development. Ulrich Zachau, World Bank Country Director for Turkey, noted Turkey's efforts towards enhancing environmental management and addressing climate change. He added that "these actions and programmes will  help sustain economic growth, create more jobs, raise incomes, and reduce poverty; and will contribute to containing emissions, protecting the environment in Turkey, and improving the quality of life and health of its citizens.” [World Bank Press Release]