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Turkey to receive $3.157B from Green Climate Fund, says Erdoğan

Fund to provide long-term support for public, private-sector projects in Turkey related to climate change, says president

13:39 - 27/10/2021 Wednesday
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Turkish President and leader of the Justice and Development Party (AK Party), Recep Tayyip Erdogan delivers a speech during the parliamentary group meeting of AK Party, at the Grand National Assembly of Turkey in Ankara, Turkey on October 27, 2021.
Turkish President and leader of the Justice and Development Party (AK Party), Recep Tayyip Erdogan delivers a speech during the parliamentary group meeting of AK Party, at the Grand National Assembly of Turkey in Ankara, Turkey on October 27, 2021.

Turkey is set to receive $3.157 billion from the Green Climate Fund, established to support climate actions in developing nations, under a recent agreement, the country's president said on Wednesday.

"We're determined to achieve success in every field with targeted 'carbon neutral' investments under the green development revolution. We will continue to implement projects that will develop every inch of our country's land and increase the welfare of each and every member of our nation, make investments, and build works of art," Recep Tayyip Erdogan told the parliamentary group of his Justice and Development (AK) Party.

"The memorandum of understanding, which was negotiated over a long period, regarding the provision of $3.157 billion from the Green Climate Fund to our country, has recently been signed," Erdogan said, sharing the "good news" with lawmakers.

With the agreement, long-term financial support will be provided to public and private-sector projects in Turkey that are related to climate change, he added.

Erdogan also noted that between $12.5 million and $66.5 million of these funds will be used as a grant.

#Recep Tayyip Erdoğan
#Turkey
#climate
2 years ago