Turkey's Energy and Natural Resources Minister Alparslan Bayraktar said the country plans to introduce a national emissions trading system (ETS) in 2024.
The system will cover emissions from industry, energy and aviation, reports SteelOrbis.
It is noted that the ETS will help Turkey implement the climate law, which is currently under development. In addition, it will allow to adapt to of the European Carbon Import Adjustment Mechanism (CBAM).
As you know, the carbon duty will be paid from 2026 on CO2 emissions that are not taxed in the importing countries, or their value is negligible.
Bayraktar said that the system will be controlled by Enerji Pazarlamaları İşletme A.Ş.
"Carbon pricing is one of the most important tools to combat climate change," he emphasized.
Earlier, EcoPolitic wrote, that the transitional period of application of CBAM (Carbon Import Adjustment Mechanism) began in the EU on October 1. Until 2026, when the payment of the carbon tax begins, importers are required to obtain so-called CBAM certificates for their products.
Previously, EcoPolitic collected the main proposals for the formation of a for greenhouse gas emissions in Ukraine and caveats regarding them. The launch of STV will allow Ukrainian importers to avoid the burden of CBAM.
