Paris Agreement Article 6 Market Mechanisms and Turkey’s Evaluation of Options

12.07.2023

With the team of GTE, ERCST and ReedSmith, T.C. Under the coordination of the Ministry of Environment and Urbanization, with the support of the International Bank for Reconstruction and Development (IBRD), the Paris Agreement Article 6 Market Mechanisms and Turkey’s Options Evaluation project is carried out. The aim of the project is to evaluate opportunities and possibilities for Turkey to benefit from Article 6 of the Paris Agreement and to build capacity and analytical knowledge for policy makers in Turkey.

Within the scope of the project, the interactions between new market mechanisms and possible emissions trading systems (ETS) in Turkey will be analyzed. Reviewing the current situation of Turkey, developing a negotiation strategy for Turkey on Article 6, organizing a workshop and preparing a report will be carried out.

A stakeholder meeting was held on 6-7 February 2020 with the participation of public and private sector representatives operating in Ankara, where issues such as Article 6 of the Paris Agreement, Carbon Markets, COP25, Kyoto Protocol, United Nations Framework Convention on Climate Change were discussed.