Webinar on “Partnership for Market Readiness (PMR) Turkey Project- Cap Setting & Developing A National Allocation Plan”

Under the activities of the “Partnership for Market Readiness (PMR) Turkey Project – Phase II ” to be implemented under the coordination of the Ministry of Environment and Urbanization, a webinar  called “ “Partnership for Market Readiness (PMR) Turkey Project- Cap Setting & Developing  A National Allocation Plan” was held between 19 – 20 October, 2020 with the participation of representatives of  public & private sector.

During the meeting,  revised scenarios covering the years 2020-2035 were discussed. Analysis conducted under PMR suggested that an Emissions Trading System (ETS) would best achieve these climate goals while also fulfilling other policy priorities. An ETS was recommended due its cost efficiency, certainty of emissions reductions, industry stakeholders’ preferences and opportunities for international cooperation.