26.02.2014 Ankara

The report, " Pilot Climate Change Adaptation Study: Turkey" prepared by the European Bank for Research and Development (EBRD) and the International Finance Corporation (IFC) has been published. TOBB President M. Rifat Hisarcıklıoğlu, in his assessment of the report, stated that practical information, suggestions and new trade opportunities will always keenly interest the Turkish private sector.

The report lists precautions which should be enacted by Turkish companies. Touching on risks and opportunities which may arise from climate change, the report aims to aid in making preparations and taking precautions.

The work undertaken by the Union of Chambers and Commodity Exchanges (TOBB) and the Environment and Urbanism Ministry puts forth that climate changes such as decreasing precipitation and increasing temperatures present risk for Turkey.

Drawing attention to the need for greater awareness for climate change by the private sector in Turkey, the IFC Climate Investment Department Director Stephanie Miller stated that the published report can benefit establishments in taking precautions as well as in regards to business continuity regarding climate change. EBRD Climate Change Adaptation Section Senior Director Craig Davies drew attention to the opportunity of investment potential in climate friendly technologies in the Turkish private sector. Turkey Environment and Urbanism  Ministry Climate Change Department Director Gürcan Seçgel stated that the report emphasizes the role of the private sector in combating climate change.

- Climate change based causes have effected 45% of Turkish companies

45% of Turkish companies taking part in the study have reported being effected by causes based on climate change in the last 3 years. Researchers have also reported that companies are lacking in solid information regarding identifying and taking precautions against adverse climate changes.