THE CARBON BORDER ADJUSTMENT MECHANISM: TURKEY'S PERSPECTIVE AND STRATEGIC RESPONSE

The goal of the paper is to reveal the positive and negative aspects of Carbon Border Adjustment Mechanism for Türkiye and to discuss Turkey’s strategic response. This paper uses a document analysis method to achieve the objectives of the study. The main subject of the research, the Carbon Border Adjustment Mechanism, is excluded from the application results due to being a relatively new practice and gradually coming into effect. Additionally, another limitation of the study is that its scope is limited to Türkiye. The Carbon Border Adjustment Mechanism, which came into effect on October 1, 2023, brings about certain advantages in terms of environmental protection and effectively addressing global warming. However, it also raises some concerns. It is believed that this process could have an impact on national economies and may lead to disadvantages for developing countries like Türkiye, which may not have the resources to sustain stable climate policies in the global market. Turkish businesses exporting to the EU would be required to pay indirectly the carbon tax imposed by the EU if carbon pricing is not implemented in Türkiye. Therefore, it would be in Turkey's favor to accept carbon pricing through domestic regulations. Since the paper focuses on a current debate, so academic studies on this subject are limited. Although there are studies discussing the Carbon Border Adjustment Mechanism, this project differs from others in that it focuses on Türkiye. Additionally, this paper is important in that it focuses on one of the most important problems facing countries. The fact that the step taken by the European Commission to solve this problem will entirely come into force very soon makes it even more important to discuss its positive and negative effects comprehensively.