Project Overview

Climate finance is inherently cross-sectoral and requires coordinated action across public institutions, financial regulators, financial institutions, capital market actors, development banks, local authorities, private sector organisations, academia, civil society and international development partners. For this reason, stakeholder engagement is a core element of the Project rather than a stand-alone activity. It supports policy coherence, institutional ownership, technical coordination and the long-term sustainability and practical applicability of Project outputs.

The Project applies a structured and inclusive stakeholder engagement approach throughout implementation. Stakeholders are identified and assessed according to their institutional mandates, level of influence, interest in climate finance, role in implementation, capacity-building needs and potential contribution to the uptake and dissemination of Project results. The stakeholder mapping is treated as a living process and may be updated as policy priorities, institutional arrangements, EU sustainable finance requirements and implementation needs evolve.

European Union Delegation to Türkiye (Observer)

The European Union Delegation to Türkiye holds a distinct place in the stakeholder map as an Observer of the Project. The Delegation provides strategic guidance on the consistency of Project outputs with the evolving EU climate and sustainable finance acquis, the practical applicability of those outputs, policy coherence with other EU-supported initiatives, and alignment with IPA priorities.

Engagement with the Delegation is maintained through regular coordination meetings, participation in the Action Coordination Unit and the Project Steering Committee, consultation and feedback on strategic outputs, and visibility activities.

Key Stakeholder Groups

The Project engages with a broad range of stakeholders across Türkiye’s climate finance ecosystem, including:

Public Institutions and Regulatory Authorities

Public institutions and regulators are central to the development and implementation of Türkiye’s climate finance architecture. The Directorate of Climate Change plays a coordinating role in national climate policy, climate finance coordination, taxonomy and Emission Trading System preparations, as well as international climate negotiations. The Ministry of Treasury and Finance, the Presidency of Strategy and Budget and financial regulators such as BDDK, SPK and SEDDK also have important responsibilities related to sustainable finance regulation, public finance, financial sector supervision, disclosure requirements and capital market development. The Ministry of Industry and Technology and the Ministry of Energy and Natural Resources are also relevant public stakeholders in relation to industrial transformation, decarbonisation policy, renewable energy investments and energy efficiency financing.

Engagement with these institutions is particularly important for ensuring that Project outputs are aligned with national policy frameworks, regulatory developments and implementation priorities. It also supports coordination across institutions whose mandates intersect in areas such as green budgeting, climate finance tracking, sustainable finance regulation, taxonomy implementation and investment planning.

Financial Sector and Capital Market Actors

Financial institutions are key actors in mobilising and allocating climate finance. Public and private banks, participation banks, development banks, insurance companies, institutional investors and capital market institutions play a critical role in translating climate and sustainable finance policies into actual financing decisions and investment flows.

The Project therefore engages with financial sector stakeholders on issues such as green lending, transition finance, climate risk, sustainable finance instruments, taxonomy implementation, disclosure requirements and the mobilisation of private capital. The Stakeholder Mapping identifies important capacity needs in areas including taxonomy, risk management, sustainable finance frameworks and technical guidance.

Local Authorities

Local authorities are important stakeholders because many climate investments are implemented locally. 

The stakeholder mapping notes that local authorities may face constraints in accessing international climate finance and developing bankable projects. ILBANK therefore has a particularly important role in supporting local administrations through municipal finance, technical project assistance and cooperation with international financial institutions and multilateral development banks.

Private Sector and Industry

The private sector is central to climate finance mobilisation and Türkiye’s transition towards a low-carbon economy. Industrial companies, export-oriented sectors, energy companies, infrastructure developers, financial advisory firms and sustainability service providers are increasingly affected by transition costs, climate disclosure obligations, CBAM-related competitiveness pressures and emerging ETS requirements.

Industry associations and federations also play an important multiplier role by supporting policy dialogue, stakeholder mobilisation, awareness raising, dissemination and private sector engagement.

International Financial Institutions and Development Partners

International financial institutions, multilateral development banks and development partners play an important role in Türkiye’s climate finance ecosystem through financing, technical assistance, policy support, analytical work and project preparation.

The Project seeks to coordinate with these actors to maximise synergies, avoid duplication and ensure complementarity with ongoing initiatives related to taxonomy, sustainable finance, climate risk management and investment planning. This coordination is particularly important given the growing number of climate and sustainable finance programmes operating in Türkiye.

Alongside these institutions, climate finance facilities and project preparation facilities also form part of the stakeholder map; these mechanisms provide resources and technical support at the preparation stage, helping to turn investment ideas into bankable projects.

Academia, Civil Society and Research Institutions

Universities, research institutions, think tanks and civil society organisations contribute to evidence-based policy development, technical research, awareness raising, dissemination and public dialogue. Their engagement supports the wider uptake of Project findings and helps strengthen the connection between technical analysis, policy development and stakeholder awareness.

The Project also recognises their potential role in knowledge sharing, analytical support and the dissemination of climate finance concepts to wider audiences.

Project Developers and Innovation Ecosystem

Project developers, infrastructure investors, technology providers and innovation ecosystem actors form the link through which climate finance is translated into actual investment. Expanding the pipeline of bankable projects in renewable energy, energy efficiency, clean transport, water and waste infrastructure and industrial decarbonisation depends largely on the technical and financial readiness of these actors.

Engagement with this group focuses on a better shared understanding of bankability criteria, identification of bottlenecks in project preparation, and translating taxonomy-aligned investment definitions into practice. Start-up ecosystems, technology providers and impact accelerators also provide feedback on new financing instruments and scalable solutions.

International Organisations and UN Agencies

United Nations agencies and other international organisations provide technical expertise, comparative country experience and information on international negotiation processes. On topics such as the nationally determined contribution, adaptation planning and climate finance reporting, the methodologies and guidance developed by these organisations offer a common frame of reference.

The Project maintains regular information exchange with these organisations in order to avoid duplication of work, build on existing analysis and keep national outputs consistent with international reporting expectations.

Stakeholder Engagement Approach

Stakeholder engagement is guided by the principles of inclusiveness, transparency, practical orientation, continuous engagement and alignment with national priorities. The Project aims to ensure broad participation from public institutions, the financial sector, private sector actors, academia, civil society and development partners. Gender and social inclusion are also integrated into stakeholder engagement activities, including efforts to broaden participation beyond Ankara and Istanbul where relevant.

Engagement is carried out through bilateral meetings, technical workshops, focus groups, consultation meetings, training programmes, roundtables, validation meetings, online consultations, conferences and public events, and surveys and questionnaires. The format is selected according to the stakeholder group, thematic area and purpose of engagement.

Coordination and Continuous Dialogue

The Project applies a structured and continuous coordination framework to ensure that stakeholder feedback is systematically reflected in technical work and implementation. Bilateral consultations, thematic focus groups, technical workshops, validation meetings, Project Steering Committee and Action Coordination Unit mechanisms, as well as communication and outreach activities, are used to support participation and institutional ownership.

Indicative focus areas include sustainable finance and taxonomy, climate-resilient urbanisation and municipal finance, industrial decarbonisation and CBAM, clean energy transition, agriculture and land use finance, and circular economy and biodiversity. These thematic platforms provide opportunities for technical exchange, validation of findings and development of practical recommendations.