Türkiye unveils Emissions Trading System regulation

ANKARA

Türkiye aims to accelerate the green transformation.

Türkiye’s Emissions Trading System (TR ETS) Regulation, prepared by the Climate Change Directorate under the Environment, Urbanization and Climate Change Ministry, has been published in the Official Gazette.

According to a statement from the ministry, the regulation sets out the rules governing the implementation of the Turkish Emissions Trading System.

Under the framework, the TR ETS is expected to play a key role in advancing climate-friendly transformation and green development goals at both the national and international levels.

The establishment and implementation of the system will also provide one of the mechanisms envisaged for achieving the greenhouse gas emission reduction targets outlined in Türkiye’s Nationally Determined Contribution (NDC) submitted under the Paris Agreement.

The regulation consolidates existing greenhouse gas emissions monitoring rules under a single framework and aligns monitoring, reporting, verification and market operation requirements with the European Union Emissions Trading System.

Through the TR ETS, Türkiye aims to encourage reductions in greenhouse gas emissions, accelerate the transition to low-carbon production technologies and support the country’s green transformation process.

Environment, Urbanization and Climate Change Minister Murat Kurum said in a social media post that the emissions trading system represents an important milestone in Türkiye’s green development objectives.