2.9 Activities Regarding Green Economy and Climate Change

Within its mandate, the CBRT contributes to Türkiye’s “Green Development Vision” and “2053 Net Zero Emission Target”. Accordingly, studies regarding climate change are carried out by the Green Economy and Climate Change Division established in November 2021.

Working in coordination with the relevant institutions, the CBRT continued to contribute to the studies on the national climate agenda such as national taxonomy, carbon pricing, green transformation in industry, energy efficiency, climate finance, and 12th Development Plan preparations.

As part of international efforts, the CBRT participated in the meetings and studies of the Network for Greening the Financial System (NGFS), and examined the roles and policies of central banks in the fight against climate change. In addition, contributions were made to the studies of the G20 Sustainable Finance Working Group.

In the scope of technical cooperation, meetings with other central banks were held, through which experience and knowledge on relevant issues were exchanged.

Through analytical studies on climate change, physical and transition risks arising from climate change were analyzed on a sectoral basis. Additionally, studies were carried out to reveal the outlook of sustainable and green financial instruments in Türkiye and in the world.

To improve the capacity within the Bank and raise in-house awareness regarding climate change, quarterly bulletins with summaries of national and international developments and numerous analyses were prepared. Moreover, in collaboration with the Central Academy and Development Division of the Human Resources Department, the CBRT continued to organize in-house climate change seminars focusing on the socio-economic impact of climate change and respective role of central banks.