Carbon Market in Turkey

MARKET OVERVIEW

Türkiye Renewable Energy, I-REC (ESG) & Carbon Credit Market Overview

Türkiye's renewable energy landscape is anchored by a diversified mix of hydropower, wind, and fast-scaling solar capacity. Renewable sources accounted for roughly 62% of the country's total installed electricity capacity by the end of 2025, with solar alone reaching over 25 GW and wind over 14 GW. Backed by an ambitious plan to raise combined wind and solar capacity to 120 GW by 2035, Türkiye is positioning itself as a regional leader in green energy and one of the fastest-growing sources of verifiable, tradeable renewable energy certificates in the Middle East, Caucasus, and Central Asia region.

As global supply chains tighten disclosure requirements, there is increasing demand for Türkiye ESG data, Renewable Energy Certificate and I-REC instruments, Green Energy Certificate (GEC) and Energy Attribute Certificate documentation, carbon credits, Net-Zero commitments, and Decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Türkiye are increasingly looking for credible ways to support Türkiye's ESG goals, Scope 2 Renewable Energy Certificates, and broader zero GHG emissions commitments.

Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace, spanning I-REC certificates, renewable energy certificates, green energy certificates, energy attribute certificate documentation, and carbon credits. Buyers and developers alike can discover, evaluate, and transact Türkiye-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Türkiye ESG disclosures and broader zero sustainability goals.

Türkiye Renewable Energy Market: Growth, Policy & Climate Opportunity

Türkiye's hydropower base has historically anchored the grid, but solar and wind have scaled rapidly over the past decade and now account for a fast-growing share of both installed capacity and generation. Foton has served as Türkiye's official I-REC(E) Issuer since 2020, giving corporate buyers a direct, auditable link to verified clean power ahead of Türkiye's own anticipated regulated Energy Attribute Certificate market. Government support mechanisms, including the Renewable Energy Sources Support Mechanism (YEKDEM) and YEKA renewable energy zone tenders, continue to underpin new wind and solar capacity additions.

This growth is opening real procurement pathways for corporate buyers seeking verified, auditable renewable electricity claims. As Türkiye's solar and wind capacity builds toward its 120 GW 2035 target, Türkiye Renewable Energy projects are increasingly able to support corporate demand through verified certificates rather than physical power purchase alone, and Türkiye Renewable Energy Certificate volumes are expected to keep growing in step with the country's wind, solar, and geothermal build-out.

• Renewable sources reached roughly 62% of Türkiye's total installed electricity capacity by the end of 2025
• Solar capacity surpassed 25 GW and wind capacity reached nearly 15 GW by the end of 2025, with combined wind and solar approaching 40 GW
• Government target of 120 GW combined wind and solar installed capacity by 2035, requiring roughly 8 GW of new capacity per year
• Foton is Türkiye's accredited I-REC(E) Issuer, operating since July 2020

Türkiye Climate Policy & Sustainability Landscape

Türkiye ratified the Paris Agreement in 2021 and announced its "2053 Zero Emission" target soon after — a national commitment to net-zero emissions and zero GHG emissions by 2053. Its updated Nationally Determined Contribution (NDC), announced at COP27, targets a 41% reduction in greenhouse gas emissions from a business-as-usual scenario by 2030. Türkiye's first Climate Law and an anticipated national emissions trading system are expected to further formalise the country's Decarbonization pathway and reinforce a credible foundation for corporate Türkiye ESG Reporting tied to the country's energy transition.

• Türkiye Net-Zero ("2053 Zero Emission") target set for 2053, announced following ratification of the Paris Agreement in 2021
• Updated NDC targeting a 41% reduction in GHG emissions from business-as-usual levels by 2030, announced at COP27
• Türkiye's first Climate Law passed, with a national emissions trading system expected to follow
• Rising Türkiye Decarbonization and Türkiye ESG Reporting requirements aligned with the GHG Protocol, CDP, and international disclosure frameworks

TÜRKİYE CLIMATE ASSETS AVAILABLE ON HESTIYA

Hestiya's Türkiye Carbon Credits Marketplace and I-REC Marketplace Türkiye enable organisations to purchase verified I-REC certificates, access geothermal and nature-based carbon credits, and support renewable energy procurement, all while meeting Türkiye ESG and sustainability targets. The platform also functions as a Green Energy Certificate Marketplace Türkiye for buyers who need documented proof of renewable electricity consumption tied directly to Türkiye-based generation assets.

Wind & Solar I-RECs

Türkiye's rapidly expanding wind and solar fleet generates substantial volumes of I-REC certificates, giving corporations a verified Renewable Energy Certificate pathway to meet RE100 commitments and Scope 2 Renewable Energy Certificates targets.

Hydropower I-RECs

Türkiye's established hydropower fleet, though increasingly affected by drought variability, remains a significant source of verified renewable energy certificates that complement solar and wind supply.

Geothermal Energy Credits

Türkiye ranks among the world's leading geothermal energy producers, concentrated in the Aegean region. Geothermal projects generate reliable, baseload renewable energy certificates alongside direct-use heating applications.

Afforestation & Reforestation Credits

Forest restoration and afforestation initiatives across Türkiye generate measurable carbon removals while supporting biodiversity conservation and combating desertification in vulnerable regions.

Biomass & Biogas Credits

Türkiye's agricultural sector supports growing biomass and biogas capacity, converting organic waste streams into renewable energy while delivering measurable emissions reductions.

Methane Capture Projects

Landfill gas recovery and agricultural methane reduction projects reduce potent greenhouse gas emissions while generating certified carbon credits.

WHY CHOOSE TÜRKİYE CLIMATE ASSETS?

• Supports renewable energy procurement tied to verified wind, solar, hydropower, and geothermal generation
• Helps meet Türkiye ESG needs, including alignment with international disclosure requirements
• Supports Scope 2 Renewable Energy Certificates and emissions reduction through energy attribute certificates
• Enables Türkiye Net-Zero strategies aligned with the 2053 target and the 120 GW 2035 wind and solar goal
• Provides verified I-REC-backed climate assets plus geothermal and nature-based carbon credits
• Improves sustainability reporting transparency with retirement-ready documentation

TÜRKİYE ESG REPORTING & SUSTAINABILITY COMPLIANCE SUPPORT

Companies sourcing Türkiye climate assets through Hestiya can support a full range of Türkiye ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including Türkiye's evolving Climate Law and emissions trading framework.

• Türkiye ESG disclosures aligned with international frameworks
• Sustainability disclosures covering renewable electricity sourcing
• Carbon accounting for Scope 1, 2, and select Scope 3 categories
• Renewable energy claims backed by verified certificate ownership records
• Türkiye's climate commitments, including Net-Zero and Decarbonization targets

STANDARDS & COMPLIANCE

Supported Sustainability Frameworks

• RE100 Aligned
• GHG Protocol Scope 2 Ready
• CDP Reporting Support
• ISSB Compatible Disclosure
• ESG Reporting Support
• Sustainability Disclosure Ready
• Net-Zero Strategy Support
• Renewable Energy Claim Support
• Energy Attribute Certificate (EAC) Framework
• I-REC Standard Compatible
• Türkiye Climate Law Aligned
• Zero GHG Emissions Strategy Support

FREQUENTLY ASKED QUESTIONS

1. What are I-REC certificates in Türkiye?

I-REC(E) is Türkiye's internationally recognised energy attribute certificate, issued by Foton, Türkiye's accredited I-REC(E) Issuer since 2020, proving that renewable electricity has been generated and consumed. Each certificate represents one megawatt-hour of renewable electricity, typically from wind, solar, hydro, or geothermal projects, and is tracked through the international I-REC registry to prevent double-counting.

2. How can companies buy these certificates in Türkiye?

Companies can buy these certificates through verified marketplaces like Hestiya, giving organisations access to renewable energy certificates directly tied to Türkiye-based generation assets, complete with verified ownership and retirement documentation.

3. What is the Türkiye carbon credits marketplace?

It is a platform, such as Hestiya's, where verified carbon credits from Türkiye-based geothermal, nature-based, and decarbonization projects can be purchased and traded to support corporate climate goals.

4. How do these certificates support Türkiye's ESG goals?

They help companies report renewable electricity usage and document Scope 2 emissions reduction, giving sustainability teams a verifiable data point for Türkiye ESG reporting in line with international disclosure frameworks.

5. Are Türkiye renewable energy certificates useful for net-zero goals?

Yes. They support renewable energy procurement and corporate climate strategies, helping companies substantiate progress toward Türkiye's 2053 net-zero commitment and 120 GW 2035 wind and solar capacity target.

6. What renewable energy sources are available in Türkiye?

The mix includes a well-established hydropower base alongside rapidly scaling wind and solar capacity, plus geothermal resources concentrated in the Aegean region, Türkiye is among the world's leading geothermal energy producers.

7. How do carbon credits help companies operating in Türkiye?

They support carbon reduction strategies, document climate commitments, and strengthen sustainability reporting, alongside renewable certificate purchases, as Türkiye's Climate Law and NDC targets continue to take shape.