Türkiye: IFC has provided a US$70m 'green' loan to Çimsa to support its decarbonisation efforts, according to a press release from the IFC. The investment will fund energy efficiency projects, modernisation and the installation of solar photovoltaic panels. Expected outcomes include a 10% reduction in greenhouse gas emissions and increasing renewable energy usage to 20% by 2025. IFC's Cement Decarbonisation Tool Advisory Service will also assist Çimsa in identifying operational enhancements and further investments for achieving its sustainability goals.
