A New Step In Market-Based Climate Policy: Draft Regulation On Carbon Crediting And Offsetting

I. INTRODUCTION

As is known, within the framework of Türkiye's climate policy, the Climate Law No. 7552, a cornerstone of national climate policy, entered into force on 2/07/2025. The Climate Law establishes the architecture for an emissions trading system and provides for the issuance and use of carbon credits within a national framework, thereby delineating both environmental obligations and economic opportunities. In line with these objectives, on 1/08/2025 the Ministry of Environment, Urbanisation and Climate Change published for public consultation the Draft Regulation on Carbon Crediting and Offsetting (the "Regulation"). The Regulation derives its legal basis from the Climate Law and Articles 551, 632 and 792/D of Presidential Decree No. 4, and functions as secondary legislation setting out the implementing rules governing carbon markets. In this context, the consultation draft defines the national crediting scheme branded "Turquoise Credit" and sets out how