Component 1: Inception Phase and Project Management

This phase established the project office in Ankara and refined the methodology to align with current national priorities, such as green budgeting and COP31 preparations.

Component 2: Development of the National Climate Finance Strategy (NCFS)

The project follows a decision-oriented, four-step framework:

1. Stakeholder Mapping & Coordination Plan: Identifying key actors and defining engagement modalities.
2. Baseline & Gap Analysis: A diagnostic of unmet investment needs required to achieve 2030 and 2053 targets.
3. Climate Finance Tracking System: Developing a national methodology aligned with OECD Rio Markers, international best practice  budget tagging and the Turkish green budgeting approach.
4. Draft National Climate Finance Strategy Formulation: Creating an architecture, a national strategy  that  that links investment needs with actionable financial solutions for mitigating climate change and building resilience to achieve Türkiye’s 2053 climate neutrality goal.

Component 3: Strengthening the Green Finance Ecosystem and National Taxonomy

Focuses on creating a credible regulatory environment for greening finance and financing green

• EU Benchmarking: Identifying concrete legislative gaps to ensure alignment with EU’s evolving sustainable finance frameworks.
• National Green Taxonomy: Supporting Taxonomy implementation by developing  Technical Screening Criteria (TSC) for Taxonomy covered  economic activities.
• Financial Instruments: Developing tools and techniques for Capital Markets, the Insurance Sector, as well as supporting the setting up the ETS Revenue Fund.

 

Component 4: Capacity Building and Training

A phased, needs-responsive program targeting at least 400 participants:

• 10 Training Programs: Covering varius key climate finance aspects including taxonomy application, green budgeting, and project bankability with three training sessions leading to internationally recognized certificates.
• Study Visits: Two study visits to EU Member States to explore practical climate finance implementation.

 

Component 5: Communication, Visibility and Closing Activities

Ensures the effective dissemination of project results through:

• A comprehensive Communication Plan implemented targeting diverse audiences including the production of promotional videos
• A Taxonomy User Guide.
• Interactive e-learning modules based on project training content.

• Structured closure through a high-level International Closing Conference and the submission of a Final Report summarizing lessons learned and policy recommendations.