Turkey needs a legal carbon market frameworkTurkey
Hürriyet Daily News
Turkey needs a legal framework for reducing carbon emissions, experts said at the Carbon Markets & Climate Finance session of the Turkish International Renewable Energy Congress, or TIREC, on Wednesday.
Raising funds for the regulation of the carbon market in Turkey is extremely important for the county’s integration into the sector, said Graham Sinclair, the advisory consultant for investor relations at the Business Council for Sustainable Development in Turkey. There was not, however, enough data presented at the congress to attract investors. “The solutions to the carbon issue should be in harmony with the carbon market in Turkey,” said Sinclair. “The conditions in the local market are obscure.”
“The carbon emission reduction projects in developing countries could benefit developed countries,” said Jan-Willem van de Ven, senior carbon manager of the European Bank for Reconstruction and Development.
“Turkey could sign mutual contracts with various countries to attract investment in carbon emission projects, and the government could support the emergence of a carbon market,” he said.
“Turkey could play an important role in the discussions on climate change after it signs the Kyoto Agreement in 2012,” said Kemal Cenk Erdem, the chief executive officer of European Reclimate Investment House, the only company active in Turkey’s carbon market
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