Türkiye Publishes 2026-2029 National Green Finance Strategy Ahead of COP31

Türkiye has published its National Green Finance Strategy and Action Plan for 2026 to 2029, setting out 45 actions under 11 objectives and three main goals to accelerate the alignment of its financial system with the country's climate objectives. Coordinated by the Ministry of Treasury and Finance with input from other ministries, financial regulators and private-sector stakeholders, the strategy aims to strengthen the green finance ecosystem, make financial markets more resilient to climate risk, and improve the investment environment for sustainable development. It arrives as Türkiye prepares to host the COP31 climate summit.

 

What the Strategy Sets Out to Do

 

The plan is organised around three goals that together map the building blocks of a functioning green finance system. The first is establishing the infrastructure for a transparent and measurable green finance ecosystem, the second is strengthening institutional capacity and human capital in the field, and the third is establishing market mechanisms for the development of green finance. Beneath those sit the 11 objectives and 45 specific actions that give the strategy its operational detail.

The sequencing reflects a recognition that green finance cannot scale without foundations. Transparency and measurability come first because investors need reliable, comparable data to price climate risk and identify genuinely green assets, without which capital cannot flow with confidence. Capacity and skills follow, since regulators and institutions need the expertise to apply new rules, and market mechanisms come last as the layer that channels money once the groundwork is in place. The priority areas the strategy names, wider adoption of green-oriented regulation, stronger market infrastructure and better coordination among stakeholders, track that same logic.

 

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Why a National Strategy Matters for an Emerging Economy

 

For an emerging economy, a coordinated green finance framework addresses a specific problem: mobilising the large volumes of private capital that the climate transition requires but that fragmented rules and weak data tend to deter. By setting a common direction across ministries, regulators and the financial sector, the strategy is designed to reduce the uncertainty that raises the cost of green investment and to make Türkiye's markets more attractive to the domestic and international capital funding the transition.

The emphasis on resilience to climate-related risk is equally consequential. As physical climate impacts and the shift away from carbon-intensive activity reshape asset values, financial systems that cannot assess and absorb those risks become vulnerable, and building that capacity into market infrastructure is increasingly treated as a matter of financial stability rather than environmental policy alone. The strategy positions this work as central to both sustainable development and the resilience of the financial system itself.

 

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The COP31 Timing

 

The publication is closely tied to Türkiye's role as host and president of the 31st Conference of the Parties to the UN climate convention. The government frames COP31 as an opportunity to raise the country's international visibility on climate action and sustainable finance, using the platform to present the strategy's objectives and signal its commitment to the green transition.

That timing is more than symbolic. Hosting a COP brings intense international scrutiny of a country's climate credentials, and launching a national green finance strategy ahead of the summit lets Türkiye demonstrate concrete domestic action rather than arriving with commitments alone. It also creates a degree of accountability, since the strategy's 45 actions provide a measurable yardstick against which progress can be judged. The government says the plan will be implemented in close cooperation with public institutions, the financial sector and other stakeholders. Whether the objectives translate into adopted regulation, functioning market mechanisms and real capital mobilisation over the 2026 to 2029 period will determine whether the strategy delivers the financial transformation it describes or remains a statement of intent, and the COP31 process will be an early test of how firmly Türkiye stands behind it.

 

Source: TR Ministry of Treasury and Finance