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ARTICLE · 29 JULY 2024

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Contemplated Emissions Trading System In Turkey (Carbon Trading)

Kesikli Law Firm
Kesikli Law Firm
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Kesikli Law Firm

Kesikli Law Firm

Kesikli Law Firm, a leading law practice based in Istanbul, Turkey, serves a diverse client base,...

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Due to the negative effects of the global climate crisis, climate change is becoming an even bigger and more significant problem. One of the main contributors...

TurkeyEnvironment

Due to the negative effects of the global climate crisis, climate change is becoming an even bigger and more significant problem. One of the main contributors to the increase and impact of these effects is greenhouse gas emissions. The rising population, increased industrialization, and the rapid increase in energy production and consumption have led to a significant rise in greenhouse gas emissions. At this point, the agreements signed under the United Nations Framework Convention on Climate Change and the Paris Agreement, aimed at controlling emissions and reducing or even preventing the negative effects of climate change, bring with them many economic obligations, not only in the climate field. The main goal of these agreements and practices is to reduce carbon emissions by 50% by 2030 and to bring them down to zero by 2050. Since 2015, regulations in Turkey have gained significant momentum under the scope of a "green" economy and "green" practices. The position of

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