The consultant will provide capacity building to Turkish banks to finance resource efficiency and renewable energy investments.
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Context: water, energy and waste management in Turkey
Turkish businesses and municipalities face increasingly serious challenges related to the management of water, energy and waste. Population growth, economic expansion, urbanisation, industrialisation and climate change are placing enormous pressures on water and energy resources while increasing waste generation and pollution. Approximation with the EU acquis is driving wide-ranging reforms of regulatory frameworks for water and waste management, creating significant challenges in terms of adopting EU directives while coping with intensifying water stress and waste generation.
At present, the Turkish banking sector is not yet able to provide adequate levels of finance to support the adoption of technologies needed for this development. Taken this into consideration, the European Bank for Reconstruction and Development has decided to develop a third credit line under the Turkey Sustainable Energy Financing Facility.
