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SUNDAY GREENS DOWN TO THE EU MARKET IF WE DON’T GO GREEN
“If Turkey does not ratify the Paris Agreement, it may not have access to the EU, which accounts for more than 40 percent of its exports,” said, director of WWF Turkey’s climate and Energy Program.
Turkey, one of the 6 countries that did not ratify the Paris Agreement, which it signed in 2016, is in danger of being pushed out of the European Union (EU), which has taken measures to reduce emissions and is preparing to introduce a carbon tax. World Wildlife Fund (WWF) climate and energy program director, Turkey, “according to the regulation to be applied in 2023, iron and steel, aluminum, fertilizer, cement and electricity sectors for products and services in the EU will have to report emissions to be imported into. If Turkey does not adapt, it may become unable to access the EU Sunday, which accounts for more than 40 percent of its exports,” he said and answered our questions as follows:
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BUILDING A NEW ORDER
■ What do we lose by not ratifying the Paris Agreement?
The Intergovernmental Panel on Climate Change warned governments to take urgent measures, noting that drought, water shortages, extreme temperatures and fire-prone weather conditions will increase in the Mediterranean basin, where Turkey is located. If Turkey insists on its position, it will be excluded from these mechanisms. The agreement also leads to a new economic order. Turkey, one of the 20 largest economies, should not be left out of the process, while governments, the private sector and local governments set targets for a carbon-neutral future.
■ The biggest reason Turkey has not signed the agreement is the inability to benefit from financing…
The Green Climate Fund raised $ 8.3 billion, although the target was $ 100 billion. All countries of the upper middle income group, in which Turkey is located, received $ 150 million. If Turkey is included in the convention with the status of a developed country, it cannot receive support from this fund. But there is a lot of funding that it benefits from. Funding from the Global Environment Fund is $ 110.8 million. The source of the EU’s aid fund is 438m euros. It also receives support from financial institutions such as the EBRD and IFC. Resources go to climate-friendly projects
■ While Turkey is pushing for financing, what will it cost us to stay out of the agreement?
A new order is being established around the framework set out by the Paris Agreement, which envisages a transition to a low-carbon economy. Financial resources are shaped in this direction. For example, the second phase of the partnership for participation in market mechanisms project, conducted by the World Bank and included in the first phase of Turkey, was associated with the Paris Agreement. Meanwhile, multilateral development banks, private banks and global financial institutions plan their resources to prioritise climate-friendly projects. If we are not a party to the agreement, we may risk becoming unable to use financial resources.
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