Climate Turkey Programme
Policy measure

The Agence Française de Développement (AFD), a financial institution and the main implementing agency for France’s official development assistance to developing countries, launched, the Climate Turkey Programme in March 2011, a credit line with the objective of reducing “the environmental footprint of Turkish growth and [supporting] the fight against climate change through the financing of SMEs undertaking energy efficiency projects and small-scale renewable energy projects.” (AFD, 2011)


According to AFD (2011), the project consists in providing Halkbank (Türkiye Halk Bankasi) “with a € 100 M credit line in order for the bank to be able to support SMEs through investment loans. Out of the € 100 M granted by AFD to Halkbank, €60 M will support energy efficiency gains in SMEs and € 40 M will finance small-scale renewable energy production units.”

Moreover, “the adjusted AFD financing conditions will enable Halkbank to implement a technical assistance program aimed at supporting the emergence of energy efficiency projects and at improving the environmental impacts of small-scale renewable energy production units.” (AFD, 2011)

Finally, “in order to support the implementation of the project, Halkbank’s teams have attended a training workshop on the use of the carbon tool developed by AFD’s environmental and social support unit. In addition in March 2011, twenty employees attended a training program on energy efficiency issues developed by CEFEB, the training centre of AFD’s group.” (AFD, 2011)

No identified challenges.

The expected outcomes of the Climate Turkey Program have been identified as (AFD, 2011):

  • “Main expected impacts of the program are environmental.

  • Funded projects will contribute to reduce SMEs’ energy bill and thus fight climate change and preserve fossil energy resources.

  • The credit line provided to Halkbank should have a demonstrative effect on Turkish commercial banks, showing the feasibility and the interest of funding SMEs energy efficiency projects. It should also prompt Turkish SMEs to take energy efficiency issues into account, thanks to the technical assistance program and the access to dedicated financing.

  • This project will also develop the energy consultancy market in the SME segment thanks to the energy audit component of the technical assistance program. Thus more than 100 Turkish SMEs will benefit from energy audits provided by expert consultants.”


AFD (Agence Française de Développement), 2011. Support to Turkish SMEs for energy efficiency and small-scale renewable energy projects. Available at: