Turkey Green Fund, which will be established to increase competitive production capacity and provide financing for technological innovations, will also support large-scale and innovative investments focused on green and digital transformation. With the Türkiye Green Fund, the economic cost of combating climate change will be minimized. Details of the Fund, which is targeted to be established in 2024, have begun to emerge.
With the fund, energy, construction, transportation, recycling, food, agriculture, forestry and tourism sectors will be supported to eliminate the high unemployment risk caused by the climate crisis. It will pave the way for sectors with high import dependency, high employment contribution rate and foreign exchange income potential.
The fund will provide financial resources to minimize import dependency, especially in priority sectors of the industry, within five years. This will pave the way for companies to reduce the share of imports in total supply and increase the share of domestic production. The fund will support sectors that contribute to employment and have strong foreign exchange income potential. Foreign dependencies will be reduced. Thus, the amount of incentives provided to these sectors will be increased.