Access the full text.
Sign up today, get DeepDyve free for 14 days.
European Commission
Directive 2003/87/EC of the European Parliament and the Council of 13 October
CMB
Developing Emissions and Electricity Trading Markets in Turkey
European Commission
MEMO/03/154: Kyoto Protocol
K. Kaygusuz (2009)
Energy and environmental issues relating to greenhouse gas emissions for sustainable development in TurkeyRenewable & Sustainable Energy Reviews, 13
N. Stern (2007)
The Economics of Climate Change
European Environment Agency
Application of the emissions trading directive by EU member states – reporting year
K. Pamukçu
A model for a global emission trading system: EU emission trading scheme
EUAS
Electricity Generation Sector Report
A. Stefano
The implications of price volatility with regard to stabilization of environmental markets
Ministry of Environment and Forestry
First National Communication on Climate Change of Turkey
Stefano Cló (2009)
The effectiveness of the EU Emissions Trading SchemeClimate Policy, 9
(2008)
State and trends of the carbon market 2008
L. David
Emissions trading around the globe: when, where, and how it is happening
Exergia S.A.
Voluntary Carbon Market for Turkey
J. Mathews (2008)
How carbon credits could drive the emergence of renewable energiesEnergy Policy, 36
Purpose – The purpose of this paper is to analyze emission trading applications in the European Union (EU) and to benefit from its experiences; also to discuss different types of energy financing mechanisms for Turkey, an emerging market which faces a fast growth of energy demand. Design/methodology/approach – The Kyoto Protocol and its market‐based flexible mechanisms to reduce emissions worldwide are explained. The logic and development phases of an emission trading scheme (ETS) started in 2005 in the EU are given in response to this protocol's targets. With lessons learned from the ETS, the position of Turkey in terms of greenhouse gas emissions and its strategy to find solutions for a low carbon economy are underlined, as it can be assumed to be a reference point for other emerging markets. Findings – This ETS became the main vehicle for EU member states to enforce themselves, to be in line with their Kyoto's emission reduction targets via some mechanisms and it has the potential to be leader in the formation of a global emission trading program. It made possible the transfer of technology and experience to emerging countries. Turkey should be aware and well prepared, for the post‐Kyoto period, to benefit from similar mechanisms to finance its energy investments. Practical implications – The paper is a useful source of information for ETS. Social implications – This paper gives information on emission reduction mechanisms used worldwide by countries which aim to be a low carbon economy. Originality/value – This paper fulfils a resource need for the structure of ETS and the position of Turkey as an emerging market with Kyoto's Protocol.
International Journal of Energy Sector Management – Emerald Publishing
Published: Sep 13, 2011
Keywords: Kyoto Protocol; European Union; Emission trading; Emission trading scheme; Turkey; Emerging markets; Renewable energy
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.