Turkey's Emissions Trading System Regulation Published in the Official Gazette

The Regulation on the Emissions Trading System of Turkey was published in the Official Gazette dated October 21, 2026, and has entered into force. The regulation covers the buying and selling of greenhouse gas emission allowances, market operations, participant obligations, as well as collateral and clearing processes.

The Regulation on the Emissions Trading System of Turkey, which determines the procedures and principles regarding the trading of greenhouse gas emissions in Turkey, was published in the Official Gazette on October 21, 2026. With the new regulation, the rules regarding the buying and selling of emission allowances, market operations, the obligations of participants, and the functioning of the market have been redefined. Within the scope of the regulation, the principles under which market operations for emissions trading will be carried out have been clarified, while the rules and transaction principles that market participants must comply with in the processes related to the trading of allowances have been defined. Furthermore, regulations regarding the recording of allowance transactions and their execution through relevant accounts are also addressed in the regulation. The regulation governs the registration, transaction, and reporting processes of market participants, as well as the principles to be followed in market activities. In addition to provisions regarding the execution, monitoring, and evaluation of market operations, the regulation also includes mechanisms for collateral, clearing, and settlement to be applied during the transactions of participants.