Turkey now has a carbon register

15 Aug 2010

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In an effort to increase combat against climate change, Turkey has embarked on a new initiative.

With the newly established national carbon register, the country will now be able register carbon projects. The national register, regulated by the Communiqué on Procedures for Registration of Greenhouse Gas Emissions Reduction Projects prepared by the Ministry of Environment and Forestry and published in the Official Gazette dated 07 August 2010, now awaits the first carbon projects for registration.

The communiqué aims at registering projects developed and executed for the Voluntary Carbon Markets for the purposes of reducing and containing greenhouse gas emissions and increasing sinks as part of the response to climate change. In effect since 2009, the “Capacity Building for Climate Change Management in Turkey” project, implemented in cooperation with the State Planning Organization (SPO), TUSIAD and United Nations Development Program (UNDP) has largely contributed to this important accomplishment of the by providing impetus to the efforts of the Ministry through stakeholder meetings and various activities in addition to expert support and capacity improvement.

Turkey has been hosting projects which generate certificates traded in voluntary carbon markets since 2005. While their exact number is unknown due to lack of a national registry system to date, the number of Turkish projects registered with Gold Standard, VER and VCS standard organizations has exceeded a hundred.

The need for a national registry system to avoid the double counting of greenhouse gas emission reductions achieved as well as to ensure market transparency and integrity became evident during the implementation of the project. The registry will serve for registration and monitoring of greenhouse gas emissions to be reduced by the voluntary carbon projects developed in Turkey. The communiqué prepared for this purpose is regarded as a key step in Turkey’s commitment to integration with global carbon markets.

It is crucial for Turkey to take an ideal position in the new post-2012 regime of the Kyoto Protocol following the first commitment period and to benefit from the market-based flexible mechanisms of the Protocol including emission trade. Emission trade, which has expanded rapidly following the effectiveness of Kyoto Protocol, continues to be a key economic instrument in responding to climate change.

Carbon markets, which have helped Governments achieve their emission reduction commitments under the Protocol, grew exponentially in recent years. The emission reduction rights traded in these markets reached 8,7 billion tons of CO2 equivalent as of the end of 2009. In Turkey, which cannot benefit from the related mechanisms of the Protocol, the number of projects that raise revenues from voluntary carbon markets continues to grow each day.