Turkey Agrees to Record $1.6 Billion Climate Policy Funding Deal

Turkey and the Asian Infrastructure Investment Bank (AIIB) on Thursday agreed on a $1.6-billion climate financing package to support Turkey’s climate goals in the biggest climate-focused deal of the Asian bank to date.  The deal was announced in Antalya, where Turkey is hosting the COP31 global climate summit until November 20.    Under the agreement, AIIB founding member Turkey will access a Climate-Focused Policy-Based Financing (CPBF) loan for the Türkiye Climate Action Acceleration Program (TCAAP) with supplemental…