Carbon finance

The Climate Change Mitigation Strategy and Action Plan (IDASEP), which was prepared to reach Türkiye's 2053 net zero emission target, lists the steps to be taken until 2030 one by one.

A recent report by the non-profit think tank InfluenceMap has unveiled startling insights into the world's carbon dioxide emissions landscape. According to the Carbon Majors report released on Thursday, a mere 57 fossil fuel and cement producers have been accountable for a staggering 80% of global CO2 emissions from 2016 to 2022.

The increase to be announced is at 6.5% – How 19 allowances are affected

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.

The Turkish energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ) and the European Energy Exchange (EEX) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Türkiye.

In a groundbreaking stride towards environmental sustainability, Bulgaria has emerged as a shining star in the European Union's battle against climate change. According to recent data released by the statistical office Eurostat on Wednesday, Bulgaria has achieved a remarkable 18.6% reduction in its greenhouse gas emissions during the third quarter of 2023.

Before you rush to answer in the affirmative, here are two important news stories that - as so often is the case with important news - went largely unnoticed last week.

One is good news: The European Union cut carbon dioxide emissions from burning fossil fuels by 8% by 2023, to the lowest levels in 60 years.

The European Commission has initiated four infringement procedures against Bulgaria, marking a formal notice sent to the country. Bulgaria now faces a two-month window to respond to the notice, or the Commission may proceed to issue a reasoned opinion.

The Agriculture and Forestry Ministry has published a five-year strategic plan to protect and develop the country's forests and greenery.

Ticket prices for ferry routes between Greece and Italy have increased by approximately 5% starting Monday, in compliance with the European Union's decision to integrate maritime transport into the Emission Trading System (ETS).