Draft Regulation On Türkiye's Green Taxonomy

The need of a national taxonomy and related legislation to define economic activities considered sustainable was stipulated in the Twelfth Development Plan, prepared by the Presidency of Strategy and Budget of the Republic of Türkiye ("Presidency of Strategy and Budget") and approved by the Grand National Assembly of Türkiye on October 31, 2023. Similarly, the Medium-Term Program for 2025-2027, prepared by the Presidency of Strategy and Budget and published in September 2024, foresaw the completion of efforts to establish a National Green Taxonomy that aligns with international taxonomy examples, particularly the European Union taxonomy, while also addressing Türkiye's specific needs.