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ARTICLE · 28 JUNE 2024

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Carbon Markets In Türkiye

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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The primary carbon market is regulated by Articles 11 to 17 of the Draft Regulation. Allowances are determined annually and tendered.

TurkeyEnvironment
Baran Gen
Baran Gen
Bulut Girgin
Bulut Girgin
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The primary carbon market is regulated by Articles 11 to 17 of the Draft Regulation. Allowances are determined annually and tendered. The minimum tender bid size is one lot which corresponds to 500 allowances; one allowance corresponds to one tonne of carbon dioxide and the equivalent in greenhouse gas emissions. The Market Operator will act as the sole seller and market participants will only be able to submit buy-side bids.

The secondary carbon market is regulated under Articles 18 to 25 of the Draft Regulation. In spot carbon markets, contracts are opened for trading by the Market Operator and Market participants may submit buy and/or sell offers. A sell offer up to the sum of allowances in the IKS and allowances purchased in the spot carbon market in the same session is allowed. The minimum size of a buy or sell offer is one lot (where one lot is equal to 1000 allowances).

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