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Within the scope of Turkey's 2053 Net-Zero Emission vision, the Ministry of Environment, Urbanization and Climate Change has launched another important project. The opening of the project was held with the participation of Minister Mehmet Ozhaseki and World Bank Türkiye Director Humberto Lopez.

The official opening of the Turkey Carbon Market Development Project, which is included in the World Bank Partnership for Market Implementation (PMI) Program and of which the Climate Change Directorate is the main beneficiary, was held on April 30, with the broad participation of representatives of national and international stakeholder organizations.

In his opening speech, Minister of Environment, Urbanization and Climate Change Mehmet Ozhaseki said, “We continue our fight against climate change without slowing down in line with our 2053 Net Zero Emission and Green Development Goal. We started the implementation process of the Turkiye Carbon Market Development Project. In order to achieve our 'Green Transformation' goal with the project, we will reduce greenhouse gas emissions in the most cost-effective ways by taking advantage of national and international carbon pricing mechanisms.".

World Bank Turkiye Director Humberto Lopez stated that Turkiye's renewable energy initiative plans are very positive and can thus contribute to the solution of climate change. In addition, he explained that these plans will also contribute to energy security and high efficiency in the country, and that they are trying to increase the intensity of energy sources with low carbon emissions.

The World Bank is supporting Turkiye for the implementation of a national emissions trading system (ETS), which could start as soon as 2025-2026. This project is part of a broader target for Turkiye's economy to reach net zero by 2053, following the country's Nationally Determined Contributions (NDC). The Partnership for Market Implementation (PMI) will assist in designing and piloting pricing tools compatible with our country's development priorities.


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