Turkey was the first country to sign a grant agreement with the World Bank. PMR Turkey has been pioneering activities on implementation of legislation on monitoring, reporting and verification, and conducting studies on applicability of carbon pricing instruments in our country since 2013.
PMR Turkey was set to analytically analyze the suitability and applicability of market-based emission reduction policy instruments, such as emissions trading scheme, carbon tax in detail, in addition to white and green energy certificates, scaled-up crediting mechanism, result-based finance in Turkey. The final output of the PMR Turkey will be a report which will suggest a carbon pricing policy package, in consideration of its economic and sectoral implications. This report will be presented to the Climate Change and Air Management Coordination Board and to the decision-makers.
Capacity building, awareness raising and training activities in respect to the carbon pricing mechanisms will be carried out in coordination with all relevant stakeholders throughout the project.