Page 150 - 7. State Of Environment Report Of Türkiye

The taxonomy defines for companies, investors and policy makers which economic activities
can be considered environmentally sustainable. Preparations for the National Green Taxonomy
By-law are ongoing. Consultation meetings were organised with public and private sector rep-
resentatives on the technical screening criteria determined for each economic activity within
the scope of the 6 environmental objectives included in the annexes of the By-law. Within the
framework of the opinions received from the public and private sector, a Climate Finance Wor-
king Group Meeting was organised, which will guide the National Green Taxonomy studies and
create a road map. In line with the consultation meetings held with the sectors and the decisi-
ons taken at the Climate Finance Working Group Meeting, it is planned to finalise the National
Green Taxonomy By-law and its Annexes in a short time.
The Project “Preparation of Reporting Guidelines in Türkiye and Identification of Potential Users
and Beneficiaries of Green Taxonomy”, which started in 2022 and completed by the end of 2023,
aimed to strengthen the technical capacity on the National Taxonomy to be used in line with
Türkiye’s climate targets. The reports published within the scope of the project can be accessed
from the website https://iklim.gov.tr/taksonomi-proje.

“Preparation of Reporting Guidelines in Türkiye and Identification of Potential Users and Bene-
ficiaries of Green Taxonomy” Project was carried out with the French Development Agency. The
project aimed to strengthen Türkiye’s technical capacity on the National Taxonomy to be used
in line with climate targets. The project included various components such as analysing global
practices and examples related to taxonomy, analysing and identifying potential users of green
taxonomy, analysing reporting and disclosure standards related to taxonomy and organising
workshops. Within the scope of the project, 5 reports were prepared. In addition, a workshop
was organised in May 2023 with the participation of public and private sector representatives.
At the workshop, stakeholders were consulted on the financial actors in the Turkish financial
system that will benefit from the green taxonomy, the potential areas of use of the taxonomy,
and other complementary regulatory policy initiatives to promote the effective and widespre-
ad use of the taxonomy. The project ended at the end of 2023 with the preparation of the final
report.

In addition, “Strengthening National Capacity for Climate Finance” project studies are being car-
ried out under IPA III. The project aims to improve institutional capacity on climate finance, to
provide more effective access to international and national climate finance, and to raise aware-
ness on the management and provision of finance.

The works planned to be carried out in the project are as follows. These are;

y Developing a Methodology for Monitoring National Climate Finance in Türkiye,
y Preparation of National Draft Climate Finance Strategy,

y Literature Review and EU Legislation Review for Sustainable Finance,

y Drafting the National Green Taxonomy,
y Review of Global Standards on Green Finance Instruments,

y Climate Change - Insurance Sector Analysis,

y Climate Change Presidency Training for Target Groups and Other Stakeholders,

y Needs Analysis and Organisation of Trainings,

y Organization of Climate Finance Internship Programme.

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