A presidential circular in the Official Gazette on July 4 put Türkiye’s National Green Finance Strategy and Action Plan into force. It runs from 2026 to 2029 and sets 45 actions, grouped under 11 targets and three main aims.
The Treasury and Finance Ministry coordinated the plan, drawing on other ministries, financial regulators and private-sector stakeholders. In a statement the ministry said it wants to strengthen the country’s green finance ecosystem, help financial markets cope with climate risks and improve the investment climate in line with sustainable development goals. The circular itself says the plan is meant to build a framework for green finance and support the green transition.
Three aims
The document names the aims in order. First comes the infrastructure for a transparent, measurable green finance system. Second is institutional capacity and skilled staff. Third is a set of market mechanisms to push green finance forward.
The ministry lists three priority areas: spreading green-oriented rules and practices through financial markets, building market infrastructure for the transition, and getting the relevant players to coordinate better.
What the actions cover
Several of the listed actions are specific. Officials plan to:
- finish Türkiye’s Green Taxonomy
- introduce regulatory changes to encourage insurers to invest in green assets
- complete the regulatory groundwork for the Emissions Trading System and put it into operation
- publish a common reporting template that lines up public institutions’ rules on financial and sustainability reporting
- prepare guidance for correcting misreporting or classification errors in sustainability reports
The plan also calls for a larger share of sustainability-themed funds in the portfolios of state contribution funds and standard funds under the Automatic Enrollment System. Other items include work on a wider range of social and sustainability-themed capital market instruments, a stronger system of assurance audit standards, and feasibility studies on rules that would give more flexibility in using foreign-currency loans for investment areas designated for the green transition. Officials also want a mechanism for insurance or guarantees tied to insurers’ emission-reduction commitments.
Timing
The strategy comes as Türkiye prepares to host the COP31 climate summit. The government has described the conference as a chance to raise the country’s profile on climate action and sustainable finance, and says it will carry out the plan with public institutions, the financial sector and other stakeholders. Analysts at OneStop ESG noted that the 45 actions give observers a way to measure progress, and that whether they turn into adopted regulation and real investment over 2026 to 2029 is still open.
Sources
- Türkiye Publishes 2026-2029 National Green Finance Strategy Ahead of COP31
- Türkiye Publishes National Green Finance Strategy and Action Plan
