# Turkey AIIB Climate Deal

> AIIB and Turkey seal $2 billion climate pact at COP31.
- Title: Turkey AIIB Climate Deal · The Straits Times | Shortify
- Summary: AIIB and Turkey seal $2 billion climate pact at COP31. Asian Infrastructure Investment Bank and Turkey agreed a record $1.6 billion climate policy deal at…
- Keywords: cop31, turkey, asian infrastructure investment bank, climate policy, net zero, emissions trading scheme, sustainable finance, The Straits Times
- Source: The Straits Times — https://straitstimes.com/world/cop31-host-turkey-asian-infrastructure-investment-bank-strike-record-2-billion-climate-policy-deal
- Published: 2026-11-12T06:10:00+00:00
- Read time: 1 min
- Topics: cop31, turkey, asian infrastructure investment bank, climate policy, net zero, emissions trading scheme, sustainable finance, news, world
## AIIB and Turkey agree climate deal
The Asian Infrastructure Investment Bank agreed a record US$1.6 billion (S$2.06 billion) climate policy deal with Turkey at COP31 in Antalya to support reforms and meet climate goals.
## Deal supports Turkey's Climate Law
The agreement backs Turkey’s Climate Law, net zero by 2053 plan, and efforts to raise sustainable finance, cut emissions and build climate resilience.
## Emissions trading scheme help
Part of the sustainable finance support will help scale Turkey’s nascent emissions trading scheme for companies in high-emitting sectors.
## Climate resilience targets
The plan aims to help 225,000 farmers switch to less water-intensive crops by 2028 and designate 50,000 hectares as carbon sinks by 2028.
## Key takeaway

Asian Infrastructure Investment Bank and Turkey agreed a record $1.6 billion climate policy deal at COP31 to support Turkey's Climate Law and net zero by 2053 goals.