## Climate Mitigation Policy in Türkiye

_IMF Working Papers, May 12, 2023_

## Source details

**Canonical URL:** [Climate Mitigation Policy in Türkiye](https://www.imf.org/en/publications/wp/issues/2023/05/22/climate-mitigation-policy-in-trkiye-532658)

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## Bibliographic details
- Authors: Ian W.H. Parry, Danielle N Minnett, Karlygash Zhunussova
- Published: May 12, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400241291.001

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### Executive Summary
- Discusses potential elements of a comprehensive strategy for making headway on Türkiye’s net zero emissions pedge for 2053.
- Core elements include:
  - aligning 2030 emissions commitments with long term neutrality;
  - implementing a carbon price rising to an ilustrative $75 per tonne by 2030;
  - enhancing acceptability through using carbon pricing revenues efficiently and equitably and including competitveness measures;
  - introducing various feebate schemes (the fiscal analogue of regulations) to reinforce mitigation incentives in the power, industry, transport, building, forestry, and agricultural sectors.

### Modeling Results and Key Statistics
- A phased revenue-neutral $75 carbon price:
  - reduces CO2 emisisons 21 percent below baseline levels in 2030;
  - raises revenues of 1.7 percent of GDP;
  - avoids 11,000 air pollution deaths over the decade;
  - imposes an average burden on households of 3 percent of their consumption (before revenue-recycling).
- With revenues used for targeted transfers and labor tax reductions:
  - the overall policy is pro-poor and pro-equity;
  - average household is better off by 0.4 percent.

### Policy Elements and Recommendations
- Align near-term (2030) commitments with long-term neutrality (2053).
- Implement a phased carbon price reaching $75 per tonne by 2030.
- Use carbon pricing revenues efficiently and equitably to enhance acceptability:
  - targeted transfers;
  - labor tax reductions.
- Include competitiveness measures to mitigate adverse impacts on exposed firms and sectors.
- Introduce feebate schemes across sectors as a fiscal analogue to regulations to strengthen mitigation incentives in:
  - power;
  - industry;
  - transport;
  - building;
  - forestry;
  - agricultural sectors.

### Subject and Keywords
- Subject: Carbon tax, Environment, Greenhouse gas emissions, Non-renewable resources, Renewable energy, Taxes
- Keywords: agriculture, allowance price volatility, buildings, carbon pricing, carbon tax, Climate change, emission rate, emissions intensity, emissions trading system, feebate, forestry., Global, Greenhouse gas emissions, industry, mitigation policy, Non-renewable resources, power, Renewable energy, transportation, Türkiye climate mitigation

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## Content in this bundle

- **Working Paper**
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_Source: https://www.imf.org/en/publications/wp/issues/2023/05/22/climate-mitigation-policy-in-trkiye-532658_