Turkey’s Green Taxonomy has been shared with the public by the Climate Change Directorate
The Draft Regulation on Turkey’s Green Taxonomy has been shared with the public by the Climate Change Directorate. Upon reviewing the draft and its annexes, it is observed that the Sectors/Activities Covered by the Taxonomy, the Taxonomy Disclosure Tables, and the Draft Technical Screening Criteria have also been submitted for public consultation alongside the draft regulation.
From the draft rationale, it is understood that the regulation has been prepared to classify economic activities in order to achieve environmental goals in line with sustainable development objectives and to prevent greenwashing activities, while promoting the alignment of investments with environmental standards. In this context, the draft regulation aims to increase the flow of financing towards sustainable investments in Turkey and to facilitate the transition to a low-carbon economy.
The main rationale behind the draft is to align with the European Union's climate change standards, in accordance with Turkey’s Green Deal Action Plan published in 2021. This regulation, based on similar principles to the EU Green Taxonomy, has been tailored to Turkey’s national conditions.
The Draft Green Taxonomy Regulation covers a wide range of economic activities, particularly in sectors such as energy, transportation, water and waste management, manufacturing, and construction. Environmentally sustainable activities in these sectors will contribute to environmental goals such as reducing greenhouse gas emissions, transitioning to a circular economy, and preserving water resources. Additionally, economic activities deemed appropriate under the draft regulation will be assessed against technical screening criteria, and sustainability reporting will be required for these activities.
The draft, designed in alignment with the EU Taxonomy, will facilitate access to international climate financing and strengthen Turkey’s steps towards sustainable development. The Climate Change Directorate aims to manage this process transparently, accelerating the transition to a green economy.
For more information and to review the draft of Turkey's Green Taxonomy Regulation, you can visit the Climate Change Directorate's website.