The Impact Investment Advisory Board (EYDK), with METU Technopark in Ankara hosting the event, organized the “Impact Investment Forum: Entrepreneurship Meets Impact.”

07 March 2025

The Impact Investment Advisory Board (EYDK), with METU Technopark in Ankara hosting the event, organized the “Impact Investment Forum: Entrepreneurship Meets Impact.”

Addressing participants at the event in Ankara, Deputy Director of Climate Change Orhan Solak indicated that impact investing, which weighs social and environmental benefits alongside financial returns, focuses not only on profitability but also on the contribution investments make to the Sustainable Development Goals.

Solak noted that global climate finance has remained resilient and continued to grow in recent years despite tighter financial conditions, reaching USD 1.6 trillion in 2023, and said: “Even so, current financial flows remain insufficient when compared with the estimated annual average need of USD 8 trillion required to achieve the 1.5 °C target. It is estimated that the economic losses that could be avoided by limiting warming to 1.5 °C by 2100 would be five times greater than the climate finance required to achieve this by 2050. From this perspective, transformation is far less costly than inaction. Moreover, the green transition offers green jobs, green finance, and green employment opportunities across all sectors. In this context, the global value added generated by the green transition is expected to reach USD 26 trillion by 2030.”

Solak also stressed that the Climate Law, which lawmakers are currently reviewing, will establish the legal framework for Türkiye’s fight against climate change, adding that authorities have completed all legislative stages and expect the Grand National Assembly of Türkiye to enact the law in the near term, given its critical role in achieving the country’s net zero emissions and green development targets.