The rules of operation of the Emissions Trading System have been determined Net 0f in Turkey

In this context, general principles regarding the primary market in the Emission Trading System (ETS) market and the secondary markets including the spot allocation market, responsibilities of the market operator, Transaction Registration System, market registration processes, free allowances, account opening, application evaluation, tender management principles, operation of the tender platform, objections and other issues were determined.

The regulation also includes the rules to be applied in case of transfer or assignment of allocations and accounts of market participants, principles regarding the transfer of rights and obligations, and procedures and principles regarding the Turkish Emission Trading System market and Transaction Registration System.

The Emission Trading System aims to create a national or international market-based mechanism that works based on the principle of setting an upper limit on greenhouse gas emissions in line with the net zero target and encourages greenhouse gas emission reduction by buying and selling allowances.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)