BAKU, Azerbaijan, June 11. The European Bank
for Reconstruction and Development (EBRD) has approved a technical
support project aimed at creating an enabling environment for
carbon capture, utilization, and storage (CCUS) in Türkiye.
This was announced by the European Bank for Reconstruction and
Development (EBRD) on its web portal.
According to the EBRD, the project will be implemented to
support Türkiye's goal of achieving net-zero greenhouse gas
emissions by 2053.
The document notes that, pursuant to Türkiye’s Long-Term Climate
Strategy through 2053, the industrial sector accounts for 24.2% of
the country’s total emissions. At the same time, it is reported
that the implementation of the European Union's Carbon Border
Adjustment Mechanism (CBAM) creates additional challenges for the
Turkish industry.
Moreover, the information says that in this context, CCUS
technologies are considered one of the key elements of the
decarbonization strategy of the Turkish industrial sectorç and the
application of this technology, especially in the cement industry,
is of great importance for achieving carbon neutrality. The EBRD
also pointed out that, according to estimates, approximately $27
billion of the $29.8 billion investment required to transition to
carbon-neutral production in the sector will be directed to CCUS
technologies.
However, according to the information, Türkiye currently lacks a
comprehensive legal and regulatory framework to support the
development of CCUS projects.
The bank explained that the country has gaps in permitting
mechanisms for project implementation, carbon sink characterization
and liability rules, regulation of CO₂ transport networks,
monitoring and verification standards, as well as investment
promotion mechanisms.
According to the information, for this reason, the Turkish
government requested support from the EBRD through the Climate
Change Department under the Ministry of Environment, Urbanization,
and Climate Change. Following the bank's expression of interest,
the Turkish government has selected the EBRD as a partner to create
an enabling environment for CCUS," the information emphasized.
The information noted that the project will consist of four main
phases: an analysis of the legal and regulatory framework for CCUS,
a market study on industrial clusters and CCUS hubs, the
development of a National CCUS Strategy for Türkiye, and the
development of preliminary feasibility studies for the
implementation of CCUS in two high-emission cement plants.
The EBRD also shared plans to select an international consulting
firm to provide advisory services to the Turkish government within
the framework of the project implementation.
According to the bank, the main objective of the project is to
create a legal and institutional framework for investments in
carbon capture and storage in Türkiye, increase investor
confidence, and accelerate the decarbonization process in the
country's industrial sector, especially in the cement industry.
The information highlighted that the technical support program
includes an assessment of the country's carbon storage potential,
identification of priority sectors and pilot projects, mapping of
industrial emissions, analysis of carbon transport routes, and
preparation of a long-term development roadmap.
The bank's information shows that feasibility studies covering
technical, financial, economic, and environmental aspects will be
prepared for selected cement enterprises, which will allow for the
formulation of future investment projects.
