Business · Companies · 17 hrs ago
Ziraat Bank plans $2 billion in climate financing at COP31
Ziraat Bank General Manager Alpaslan Çakar said the bank plans to arrange $2 billion in climate and environmental financing.
The agreements are expected to be signed with four institutions at COP31 in Antalya, Turkey.
Çakar said green finance is a core responsibility for the banking sector.
All of the money will fund businesses’ climate and green-transition investments, he said.
The funding is intended for the real economy, rather than for other uses.
The agreements are due to be signed during COP31.
Ziraat Bank plans to sign climate- and environment-focused financing agreements worth a total of $2 billion during COP31.
The agreements will be made with four institutions.
Ziraat Bank General Manager Alpaslan Çakar said all of the funds would finance climate and green-transition investments in the real economy.
Çakar shared the plan in an interview in Antalya.
- Who
- Ziraat Bank and four institutions.
- What
- They plan to sign climate- and environment-focused financing agreements worth $2 billion.
- When
- During COP31.
- Where
- Antalya, Turkey.
- Why
- The funds will finance climate and green-transition investments in the real economy.
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This story does not have a timeline yet.
- Planned financing
- $2 billion
- Agreements
- Four institutions
- Purpose
- Climate and green-transition investments in the real economy
- Event location
- Antalya
What people are saying
The entire resource will be used to finance the real sector's climate and green-transition investments.