Is a carbon tax coming to Turkey?
Minister of Treasury and Finance Mehmet Şimşek, in his speech at the summit he attended, said that the growth forecasts of the global economy are lower than the pre-2008 period and that the world has entered a low growth path. He also stated that the climate crisis will make itself felt much more in the coming decades.
“All countries need to make legislative changes. The promises they make are really important to achieve their goals.” to binding legislation there is need. Awareness training will be very critical. R&D investments, how will we experience climate change? Yes, this is a very critical area. A serious R&D investment and expenditure is required in this field. Fossil fuel subsidies need to be reduced and eliminated completely. This is what I’m talking about all valid for the world matters. Carbon emissions and footprints need to be taxed. Therefore, serious effort is required. It is necessary to reduce the carbon footprint and turn to more renewable energy. In the field of transportation, vehicles with completed electrification will need to be used. Efficient green buildings should be built in the construction area. “
Climate law is coming this year
If we look at Minister Şimşek’s statements, we can say that a carbon tax is coming for Türkiye. Because Şimşek, Climate law will come this year told. Stating that the studies are in the final phase, Şimşek said, “Emissions trading systemthe establishment of carbon taxation Establishing the infrastructure of the mechanism… I can say that all these are important agenda items.” said.
Green transformation is a necessity for Türkiye
On the other hand, Şimşek also stated that Turkey has high competitiveness and potential in green products. In addition, Şimşek said that Turkey ranked 11th in renewable energy, while it was 17th in 2000, and added that the installed capacity is around 55 percent, and with nuclear power plants, it will exceed 65-70 percent.
While Minister Şimşek said that Turkey’s green transformation is a necessity, he stated that the money spent on fossil fuels is 893 billion dollars. He said that Turkey is more than 70 percent dependent on foreign energy imports and that the amount spent here is 1.5 times the cumulative current account deficit.
What is a carbon tax?
Among the countries with a carbon tax Finland, Iceland, Norway, Sweden, Denmark, Estonia, Latvia, Ireland, Slovenia, Switzerland, Poland, Portugal, United Kingdom, Mexico, Colombia, Chile, India ve Japan is available.
In recent years, many countries have taken measures such as environmental regulations, emission trading systems and carbon taxes to reduce carbon emissions. Finland became the first country in the world to implement a carbon tax in 1990. Since then, 20 European countries have introduced carbon taxes. Switzerland ve Liechtenstein right now per ton 120,16 € While applying the highest carbon tax rate, these countries are followed by Sweden (€115.34) and Norway (€83.47).
Source
https://www.aa.com.tr/tr/ekonomi/bakan-simsek-biz-su-anda-mali-disipline-ve-yapisal-donusume-ve-dezenflasyona-odaklanmis-durumdayiz/3243597
https://ourworldindata.org/grapher/per-capita-ghg-emissions
https://taxfoundation.org/data/all/eu/carbon-taxes-in-europe-2023/
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