Turkey is preparing to launch the pilot phase of ETS in 2025

Turkey’s plans to launch a domestic carbon emissions market are on schedule, with the pilot phase due to begin in early 2025. This was stated by Huseyin Ayaz, a senior official of the country’s Climate Change Directorate, during the S&P Global thematic conference.

According to him, preparations for the ETS project development process have been completed, and it must be approved by the parliament. However, some elements still need to be clarified and updated.

While the pilot phase is scheduled to begin early next year, the first phase of implementation will last from 2027 to 2034.

Turkey’s ETS is expected to be similar to the EU’s emissions trading system, and will have the same effect by stimulating the use of renewable energy sources, reducing demand for coal and oil-fired power generation, and encouraging cleaner production.

Ayaz also acknowledged that the impact of the European CBAM on Turkey’s industrial sector will be significant, and the existence of a domestic carbon market will help the country manage these risks.

According to the China Iron and Steel Association (CISA), China’s steel industry may be included in the national carbon trading market this year. According to a CISA spokesperson, national standards for low-carbon steel are currently under study. They are expected to be published this year.

According to the association, over the past 2-3 years, about 80 leading Chinese steel companies have launched a pilot carbon trading scheme.