Climate change policy

Private lender İşbank issues green bonds

İşbank, the largest private lender by asset, has become the first bank to issue Turkish Lira-denominated green bonds in Türkiye.

In a filing with Borsa Istanbul, the bank said it completed the issuance of the 500 million lira nominal valued green bonds with 728 days of maturity.

Bonds with floating rates and quarterly coupon payments were sold to qualified investors.

TITAN Group signs deal with EU Innovation Fund for IFESTOS carbon capture project

TITAN Group signed a grant agreement with the EU Innovation Fund for the large-scale carbon capture project IFESTOS, the company announced on Monday.

One of Greece's leading international business in the building and infrastructure materials industry, TITAN was selected in July in the context of the fund's third call for large-scale projects.

PM urges decarbonization in shipping from COP28

Prime Minister Kyriakos Mitsotakis told the UN Framework Convention on Climate Change (COP28) in Dubai on Friday that Greece is "the world's leading global shipping power, controlling nearly 25% of the global shipping fleet," and "the entire issue of maritime decarbonization is of special significance to us." 

China emissions could fall in 2024 on renewables jump

China's carbon emissions are likely to fall in 2024 because record growth in renewable energy capacity is now sufficient to cover growing demand, a new analysis finds.

China is the world's largest greenhouse gas emitter and has brushed aside calls for a more ambitious carbon neutrality target than its current 2060 goal.