TSKB’s energy efficiency investments supported by 2,4 million tons

] Turkey’s Bank of Development (TSKB), which works for inclusive and sustainable development of Turkey, is taking into account with sustainable-themed financing supports, mainly in energy efficiency. The Bank created 68 percent of the credit portfolio’s sustainable-themed investments has funded about 655 million US dollars to the energy efficiency project over 80.

[ENVER (Energy Efficiency Association)[]]]]] said the General Manager of the TSKB Suat Slim]], Energy Saving Week]]], in the statement that the industry companies have great importance to increase awareness in this field.. In this regard, the study of TSKB, the Fine, “The provision of efficient use of energy without sacrificing the quality of the unmanned real sector corresponds to a large potential of both economic and environmental. As TSKB, we are doing our top in this regard, with the investments of the energy efficiency we finance, we give 4.7 million Gigacal levels energy to our country every year. These investments are also important for low-carbon economic conversion. With over 80 investments we funded up to this day, we reduced the annual carbon release of our country at 2.4 million tons per year. Our credit portfolio has reached 12 million tons of annual carbon release, which created 68% of our portfolio and reduces investments including renewable energy, environmental and different sustainability themes.

Attenuated the fact that energy efficiency projects struggle with climate change and make a difference in reducing the dependence on energy, as well as reducing energy costs in the private sector, giving attention to the competitive advantage.

The subtle words that indicate that energy efficiency investments are widespread in every sector have continued: “In particular energy input in energy efficiency investments, consumption is high, iron steel, cement, textile, automotive, chemical and plastic sectors are prominent. When we look at the investment area, we see that energy efficiency projects are spread to a wide range of energy production, plant modernization, energy optimization, energy efficient technologies, insulation, lighting, transportation and green buildings. "

TSKB, which has been providing medium and long-term financing for energy efficiency since2009, was first introduced in the scope of the World Bank (IBRD) Clean Technology Fund and started to develop capacity in energy efficiency. Both marketing activities have developed according to this new theme and signed work that will create awareness on energy efficiency on the customer side. The World Bank (IBRD-IFC), French Development Agency (AFD), German Development Bank (KfW), Japanese International Cooperation Bank (JBIC), European Investment Bank (AYB), Islamic Development Bank (IDB), European Bank (AYB), and Development Bank (EBRD), Austrian Development Bank (OeEB), Asia Infrastructure Investment Bank (AIIB).

Furthermore, there are also investments in energy efficiency among the projects supported by TSKB, which performs the first Green/Sustainable Tahvil ihrac in 2016. In 2017, TSKB, the first bank, which performs the ‘Sermaye Similari Sustainable Tahvil’ in international markets, supports energy efficiency projects within the fight against climate change with the funds obtained from 300 million dollars.