Türkiye's cement sector requires US$30bn for net-zero goal - Global Cement

Türkiye's cement sector requires US$30bn for net-zero goal  Global Cement

Türkiye's cement sector requires US$30bn for net-zero goal - Global Cement
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Türkiye: The Turkish cement industry needs to invest approximately US$30bn to achieve its net-zero carbon goal by 2053, according to sector representatives. Additionally, around US$2bn is required to adhere to the European Union’s Carbon Border Adjustment Mechanism (CBAM), according to Fatih Yücelik, chair of the Turkish Cement Manufacturers’ Association (TÜRKÇİMENTO).

Yücelik said “The most important issue for us this year is carbon emissions. The amount of investments to be made swiftly in transformation and efficiency work to overcome the barriers created by the CBAM is around US$2bn. However, under the current situation, it is difficult for us to find this financing.”



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