| Project Detail |
The Turkish authorities requested the EBRD’s support to develop a dedicated business platform aimed at mobilising investments needed to implement the roadmaps set out by Low Carbon Pathways for the progressive decarbonisation of the Turkish cement, fertilizer, aluminium, iron and steel sectors in line with the Turkish Government’s sustainable development and decarbonisation goals. This follows extensive engagement with the Ministry of Industry and Technology (MoIT) in developing the said Low Carbon Pathways (LCPs). In March 2024, Türkiye has launched its Low-Carbon Pathways (LCPs) initiative, publishing the LCPs as action plans for the industrial sectors, highlighting the need for a sustainable decarbonisation, as well as sharing the technologies needed to achieve a Net-Zero target by 2053. The LCPs demonstrate that, in order to decarbonise and reach Net-Zero by 2053 the selected four sectors, require of investments of more than US$ 70 billion to reduce emissions by 135 million tonnes CO2eq annually. As a result in November 2024, the MoIT and MDB Partners, all together called as TIDIP Parties, signed a Joint Declaration (JD) on establishing the Türkiye Industrial Decarbonisation Investment Platform (TIDIP) which is a significant step towards achieving the country’s net-zero ambitions. According to Joint Declaration, the parties intend to support projects, help mobilise financing and resources, including in grants and concessional resources to support its implementation, in line with the following indicative components and targets by 2030 currently estimated as: The deployment of over EUR 100 million in Technical Assistance and concessional finance. Over EUR 5 billion of decarbonisation projects under implementation in line with the objectives of TIDIP supported by finance from commercial banks and IFIs Reduction of GHG emissions resulting from these investments of over 20 million tons CO2eq per year. The TIDIP intends to holistically facilitate the country’s rapid, resilient and just low carbon transition in the industrial sector, in line with its climate and development goals. Initially, the platform will focus on the four key sectors but with potential expansion to other sectors based on national priorities and regulatory developments. TIDIP will be managed, supported and coordinated by the Secretariat that will be in place within 2025, while strategic guidance and oversight will be provided by a Steering Committee. To support the implementation of LCPs for the individual proposed investments, an enhanced collaborative model that integrates multiple dimensions across the entire value of industrial decarbonization is foreseen focusing on key Investment Focus Areas (IFAs), that underpin the financing and policy direction of TIDIP, ensuring alignment with national decarbonization priorities. IFA1: Hydrogen IFA2: Carbon Capture, Utilization and Storage - CCUS IFA3: Energy Efficiency and Circular Economy IFA4: Renewable Electricity Deployment IFA5: Climate Technologies & Green Markets Accelerator Therefore, the Bank wishes to engage two Consultants to study the potential for developing different industrial decarbonization projects of the IFAs value chain in selected early-stage projects for the EBRD. The Consultants will develop separate deliverables for each industrial decarbonization project. It is envisaged that the present ToR will cover up to 10 different assignments, with bespoke ToR prepared for each assignment. The main purpose of the assignment is to understand the technical, economic and regulatory viability of individual industrial decarbonization projects for the IFA value chains, that will support the EBRD and the TIDIP Secretariat in its own evaluation. The objectives are the following: i. Facilitate business models for the IFAs for selected projects with regard to technical (incl. geological ), economic, and regulatory viability at the regional/national level. ii. Develop and analyse investment appraisals for industrial decarbonization projects to promote the deployment of the IFAs by industrial sponsors. iii. Identify the most suitable financing mechanisms to improve project bankability. iv. Identify scale up potential of selected IFAs transactions to support clusters of industrial companies using the identified storage. v. Provide support to the TIDIP Secretariat in analysing the IFAs projects as it assesses its potential role. |
