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Voluntary emission trading potential of Turkey

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  • Ari, İzzet

Abstract

Climate change is likely to cause serious market failures, and carbon trading as a market instrument can help correct its negative impacts. The global carbon markets established to combat climate change include regulatory and voluntary markets. Turkey cannot utilise regulatory carbon markets under the Kyoto Protocol. As a result of her unique position in the UNFCCC, some offsetting projects in Turkey have benefitted only voluntary emission trading for the reduction of GHG emissions. Due to on-going climate change negotiation under the UNFCCC, it seems that Turkey will not use the current regulatory carbon markets. Thus, Turkey should promote the use of and participation in voluntary carbon markets. In this article, emission reduction potential via energy efficiency, renewable energy and solid waste management, and corresponding offsetting of credits with their estimated prices is investigated for the period between 2013 and 2020. The emission reduction potential for energy efficiency, renewable energy and solid waste management projects are estimated at 403, 312 and 356milliontons of CO2 equivalent emissions respectively, totalling 1,071milliontons of CO2 equivalent. The total revenue of the carbon certificates are estimated in the range of 19,775–33,386 million US Dollars for the same period.

Suggested Citation

  • Ari, İzzet, 2013. "Voluntary emission trading potential of Turkey," Energy Policy, Elsevier, vol. 62(C), pages 910-919.
    • Handle: RePEc:eee:enepol:v:62:y:2013:i:c:p:910-919
    DOI: 10.1016/j.enpol.2013.07.054
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    References listed on IDEAS

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    1. Haotong Jiang & Liuyang Yao & Xueru Bai & Hua Li, 2023. "Dynamic Analysis and Simulation of the Feasibility and Stability of Innovative Carbon Emission Reduction Projects Entering the Carbon-Trading Market," Sustainability, MDPI, vol. 15(8), pages 1-19, April.
    2. Spash, Clive L. & Theine, Hendrik, 2016. "Voluntary Individual Carbon Trading," SRE-Discussion Papers 2016/04, WU Vienna University of Economics and Business.
      • Clive L. Spash & Hendrik Theine, 2016. "Voluntary Individual Carbon Trading," SRE-Disc sre-disc-2016_04, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    3. Xu Guo & Lin Fu & Xiaohua Sun, 2021. "Can Environmental Regulations Promote Greenhouse Gas Abatement in OECD Countries? Command-and-Control vs. Market-Based Policies," Sustainability, MDPI, vol. 13(12), pages 1-18, June.
    4. Ozcan, Mustafa, 2016. "Estimation of Turkey׳s GHG emissions from electricity generation by fuel types," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 832-840.
    5. Ari, Izzet & Sari, Ramazan, 2015. "The role of feed-in tariffs in emission mitigation: Turkish case," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 768-775.

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