Green Transition and CBAM information and consultation meetings continue

Under the coordination of the Climate Change Presidency, Green Transition and CBAM information and consultation meetings were held in Gaziantep.

Held at the Gaziantep Chamber of Industry, the meeting aimed to increase the awareness and capacity of our country's industrialists regarding Green Transition and CBAM within the scope of combating climate change. During the meeting, the topics of "Green Transition and CBAM" and "National Taxonomy, Green Transition in Industry, and Green Transition Finance Instruments" were discussed in dedicated sessions.

At the meeting, which featured opening speeches by Volkan Polat, Head of the Greenhouse Gas Monitoring Department of the Climate Change Presidency, and Yusuf İzzettin İymen, Secretary General of the Gaziantep Chamber of Industry, the panelists thoroughly examined topics including "Green Transition in Industry, Financial Instruments, and Taxonomy," "National Green Taxonomy," "Green Transition in Industry," "Green Transition Financing," "Green Transition and CBAM," "Our Country's Greenhouse Gas Emissions Monitoring, Reporting and Verification System," "CBAM," and "The Relationship between ETS and CBAM."

In his opening remarks, Polat stated that greenhouse gas emissions from industrial facilities have been monitored since 2015 within the scope of the Regulation on the Monitoring of Greenhouse Gas Emissions, saying, "In order to increase the reliability and quality of the verified greenhouse gas emission reports of the facilities falling within the scope of the said Regulation, we have commissioned the Central Electronic Verifier Body Assignment System (MEDAS) in accordance with the principle of transparency."

Continuing his speech, Polat stated, "We believe that our Emission Trading System will operate as a powerful mechanism that will contribute to our 2053 net-zero emission and green transition targets, and we continue our work in this direction without interruption."

Stating that the Turkish Green Taxonomy is aimed at being a tool that gives confidence to investors and protects them from greenwashing, while supporting companies in directing their investments to the areas most needed, Polat added, "Furthermore, with the taxonomy, we want to ensure that the financial resources necessary to realize the green transition we are talking about in our country meet with green investments."

The Green Taxonomy creates a list of environmentally sustainable economic activities, defining for companies, investors, and policymakers which economic activities can be considered environmentally sustainable and under what conditions. Thus, it aims to direct financing toward genuinely sustainable investments.

The information meetings, which were previously held in the provinces of Eskişehir, Denizli, Kocaeli, Sakarya, Konya, İzmir, Kayseri, Mersin, Adana, Istanbul, Tekirdağ, Uşak, Aydın, Bursa, and Mardin, continued in Gaziantep.