EEX to work with local bourse on carbon trading in Turkey

European Energy Exchange AG

28/02/2024 12:56

FRANKFURT, Feb 28 (Reuters) - The European Energy
Exchange (EEX) and Turkish energy bourse  Enerji Piyasalari
Isletme A.S. (EPIAS) on Wednesday signed a memorandum of
understanding underlining their commitment to developing carbon
emissions trading in Turkey.
    "We look forward to working with EPIAS in creating a robust
emissions trading system (ETS) in Turkey by providing our
expertise in carbon markets," said EEX chief executive Peter
Reitz in a press release issued in Germany. 
    "National ETSes are essential to create a global carbon
price, and hence, an important market-based tool to drive
decarbonisation," he added.
    His counterpart at EPIAS, Taha Meli Arvas, said: "...we are
committed to develop and operate a well-functioning ETS that
will collaborate with European energy markets."
    The timing of concrete steps and financial details of the
cooperation were not disclosed.
    The EEX, a subsidiary of Deutsche Boerse  DB1Gn.DE , offers
tools and technology to build platforms for carbon emission
permits trading worldwide, helping regions achieve green
transition goals by aligning relevant trade schemes with
financial markets.
    Its carbon expertise spans most of the EU at member state
and central levels, also reaching to Britain, New Zealand, the
Asia Pacific and North America. 
    That complements a raft of electricity, gas, hydrogen,
freight and agricultural products.
    EPIAS, established in 2015, offers trading of power, gas and
environmental commodities contracts.

 (Reporting by Vera Eckert
Editing by Mark Potter)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654))