Within the scope of the project, carbon tax and suitability of market based instruments for Turkey will be evaluated and the report including these assestments will be prepared.
Project Owner: Ministry of Environment and Urbanisation and the World Bank through Ricardo EAE (Partnership for Market Readiness – PMR)
Project Starting Date: June 2015
Project Ending Date: In Progress
Project Explanation: Turkey is evaluating market based instruments, such as carbon pricing, in the scope of the fight against climate change; to achieve its targets that is presented at the Intended Nationally Determined Contribution (INDC) of the country.
Within the scope of this project: eligibilities for specified sectors (energy, industry, waste, buildings, transportation) of market based instruments such as carbon tax, energy efficiency trading, renewable energy trading, results based finance and scaled up crediting are being evaluated.
The executives of the project are Ricardo AEA, Ecofys and Life Enerji.
The main output of the project is the publication of the analytical report on “Assestment of Marked Based Climate Change Policy Options for Turkey”. While preparing the report, the consortium arranged workshops and meetings, involving private and public sector at the dates of June 2015, October 2015, January and March 2016. During the workshops and meetings, the capacity increase has been made on; market based instruments as the subject of the report, world examples of these instruments, policy interactions and revenue recycling.