Contemporary Status and Recent Trends of Renewable Energy Certificates in Türkiye

There is a trend towards increasing the use of renewable energy resources worldwide. In addition to countries' efforts to increase this with the help of laws, the industry is also trying to expand the use of RE since the vast majority of the emissions are produced by the industry. Although Türkiye has rich renewable energy resources, these resources cannot yet be used effectively. Renewable energy certificate is one of the latest methods to reduce greenhouse gas emissions with the help of market mechanisms. Although renewable energy certificate is a very incipient concept for Türkiye, it has a significant potential to encourage and promote the usage and investments of renewable energy. In this study, current trends, and future expectations regarding renewable energy certificate in Türkiye have been compiled in line with the opinions of renewable energy certification experts from sector. It is thought that such analysis will be a guide for the sector and lawmakers on this subject. It is expected that the increase in academic discussions on market-based carbon emission reduction approaches will both contribute to the awareness of industry and the success of policies of national certification institutions. In this way, the payments made by industrialists in Türkiye to certification institutions abroad can be prevented from increasing at a level that would affect the current account deficit in the long term.