Turkey’s Ruling Party Takes Action: New Climate Change Bill Introduced to Parliament

Turkey is making a significant move towards fighting climate change. The ruling AK Party, led by President Recep Tayyip Erdogan, has submitted a bill to parliament that aims to establish a framework for a carbon market and an emissions trading system (ETS).

The goal of this bill is to help Turkey become a net-zero economy by 2053. It outlines how the country plans to reduce its greenhouse gas emissions effectively.

Under this system, companies that produce greenhouse gases will need permits to operate. These permits will be part of the ETS, where businesses can buy and sell emission allowances.

The Environment Ministry’s climate change department will oversee the new carbon market board. This board will manage how carbon pricing works and determine how allowances are distributed. It will also establish policies to support the ETS.

The revenue generated from these allowances will be treated as financial instruments, providing additional income that can be directed toward environmentally friendly projects.

This initiative marks a crucial step for Turkey as it aligns with global efforts to address climate change. It highlights the country’s commitment to creating a sustainable future.

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Turkey, Recep Tayyip Erdogan, Climate Change