Turkey has officially approved plans to launch a national carbon market, aiming to accelerate its alignment with global emissions reduction efforts. The initiative includes establishing a carbon pricing system and regulatory framework for emissions trading, laying the foundation for industry-wide compliance and investment in green technologies.
The carbon market will initially target sectors with high emission intensity, such as cement, steel, and energy. Companies in these sectors will be required to monitor, report, and eventually trade emissions allowances. The move follows Turkey’s ratification of the Paris Agreement and signals a broader commitment to climate responsibility.
As Turkey progresses toward a low-carbon economy, this market-based approach is expected to promote innovation and attract foreign investment. It also prepares domestic industries for international mechanisms like CBAM, which could impose additional costs on exports without robust climate policies in place.
Vietnam Steel by Hoa Sen Group
