IPC–MERCATOR ANALYSIS February 2024 - A PRELIMINARY ANALYSIS OF THE TURKISH EMISSIONS TRADING SYSTEM

IPC–MERCATOR ANALYSIS February 2024 A PRELIMINARY ANALYSIS OF THE TURKISH EMISSIONS TRADING SYSTEM Ahmet Atıl Aşıcı A PRELIMINARY ANALYSIS OF THE TURKISH EMISSIONS TRADING SYSTEM FEBRUARY 2024 | IPC–MERCATOR ANALYSIS Introduction Key Features of the Implemented According to the draft carbon market regulation1 ETS Initiatives Worldwide announced in November 2023, the Turkish According to the World. [...] According to the ETS regulation, installations in the electricity, refinery, Table 1 presents the key statistics on the non-metallic minerals, basic metals, paper, and implemented ETS initiatives in order of their the chemicals sectors emitting above a certain share of global emissions covered. [...] It is clear that increasing the cap in the of the Turkish ETS will end). [...] The absolute reduction in the cap would ensure a Assuming that the MRV Category C installations, positive carbon price in the Turkish ETS market. [...] that the acquisition of knowledge and the exchange of people and ideas are preconditions for meeting the challenges of an increasingly A Preliminary Analysis of the Turkish Emissions globalized world in the 21st century.