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    Carbon news

    Developments in regulations and standards, dated to their original announcement, with what they mean for companies.

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    October2026

    1. TR ETS: Monitoring Methodology Plan deadline extended to 27 January 2027The deadline for pilot installations' first Monitoring Methodology Plans is now 27 January 2027; the extension covers only the plan submission.TR ETSMRV
    2. SBTi: Near-Term Criteria for financial institutions to stay with no end dateBanks and other financial institutions can choose between near-term-only targets and a net-zero target under FINZ without time pressure.SBTiFinance
    3. TR ETS pilot procedures published: activity level report timeline setThe procedures define sub-installations, benchmark values, the timeline for Monitoring Methodology Plans and Activity Level Reports, and the 2027 surrender date.TR ETSMRV

    September2026

    1. Türkiye Green Taxonomy Regulation published: 16 sectors, 137 activitiesThe green taxonomy defines which activities count as environmentally sustainable; banks will be able to ask for taxonomy data in green financing.Climate LawFinance
    2. TR ETS pilot: five sectors, reporting only in 2026, carbon price in 2027The pilot covers electricity, cement, iron and steel, aluminium and fertilisers; 2026 is reporting only, and the price mechanism starts in 2027.TR ETSCBAM

    August2026

    1. Turkish Emissions Trading System Regulation published and in forceThe TR ETS Regulation is in force; installations emitting more than 50,000 tonnes a year are now bound by verified reporting and allowance surrender deadlines.TR ETSMRVClimate Law

    July2026

    1. GHG Protocol: single corporate standard in 2028, Scope 2 proposal to be reviewedThe Corporate Standard, Scope 2, Scope 3 and ISO 14064-1 will merge into one standard; consultation is planned for Q2 2027 and publication for Q4 2028.GHG ProtocolISOEnergy
    2. TSRS 2 greenhouse gas disclosures updated: ISSB amendments reach TürkiyeThe amendments to TSRS 2 simplify Scope 3 Category 15 disclosures for financial institutions and add flexibility on industry classification and GWP values.TSRS / ISSBFinanceGHG Protocol

    June2026

    1. Draft ISO 14060 net-zero standard opened for public consultationISO/DIS 14060 builds on the 2022 IWA 42 net-zero guidelines; the draft was open for comment for 12 weeks through national standards bodies.ISOSBTi
    2. SBTi Corporate Net-Zero Standard V2.0 published: transition timeline setV2.0 introduces Category A and B, five-year near-term targets, a 5 percent Scope 3 threshold, transition plans and responsibility for ongoing emissions.SBTi

    March2026

    1. SBTi FLAG Guidance 1.2 published: target and deforestation timelines changeThe update changes the deadline for setting FLAG targets and the implementation timeline for zero-deforestation commitments; it applies immediately to new submissions.SBTiGHG Protocol
    2. EU 2040 climate target finalised, ETS2 delayed by one year to 2028An amendment to the European Climate Law sets the 2040 target at 90 percent; the start of ETS2 for buildings and road transport moves to 1 January 2028.EU ETSCarbon Markets

    February2026

    1. EU Omnibus I published: CSRD and CSDDD scope sharply narrowedOmnibus I narrows the scope of the CSRD and the Corporate Sustainability Due Diligence Directive; non-EU parent companies get a financial year 2028 timeline.CSRD / ESRS
    2. EU adopts first certification methodologies for permanent carbon removalsDelegated Regulation (EU) 2026/285 creates an EU-wide voluntary certification standard for permanent carbon removals; carbon farming methodologies followed.CDRCarbon Markets

    January2026

    1. GHG Protocol publishes Land Sector and Removals StandardThe new standard sets rules for reporting land use change and land management emissions by companies that produce, process or buy agricultural products.GHG ProtocolCDR
    2. KGK raises the thresholds for mandatory TSRS sustainability reportingThe thresholds for all three criteria that trigger TSRS reporting were raised; the change applies to reporting periods beginning on or after 1 January 2025.TSRS / ISSB
    3. CBAM definitive period begins: 2026 imports now carry a financial obligationTransitional reporting has ended; from 2026, certificates must be surrendered for the embedded emissions of CBAM goods entering the EU.CBAMEU ETS

    December2025

    1. Commission proposes extending CBAM to 180 downstream products from 2028The proposal aims to bring products with high steel and aluminium content, such as machinery, equipment and some household goods, into CBAM and make circumvention harder.CBAMEU ETS

    November2025

    1. COP31 to be held in Antalya on 9-20 November 2026, hosted by TürkiyeThe UN Climate Conference COP31 will meet in Antalya on 9-20 November 2026 under Türkiye's hosting and Presidency, with the negotiations presidency held by Australia.Carbon MarketsClimate Law

    October2025

    1. GHG Protocol Scope 2 revision in consultation: hourly matching proposedThe draft proposes tying renewable electricity claims to the hour and place of consumption, directly affecting companies that cut Scope 2 with certificates such as YEK-G.GHG ProtocolEnergy
    2. CBAM simplification in force: annual 50-tonne threshold introducedCBAM now has a single annual mass threshold of 50 tonnes per importer; the first annual declaration and certificate surrender are due on 30 September 2027.CBAM

    September2025

    1. Türkiye announces 2035 target: emissions capped at 643 million tonnesTürkiye announced a target to cap 2035 emissions at 643 million tonnes CO₂e, a 466 million tonne cut against the reference scenario, and submitted it to the UN in November.Climate LawCarbon Markets
    2. GHG Protocol and ISO agree to unify their greenhouse gas standardsThe two organisations will harmonise their existing standards and develop new ones together; a joint product carbon footprint standard is also planned.GHG ProtocolISO

    August2025

    1. Draft carbon crediting and offsetting regulation introduces Turquoise CreditsThe draft regulates Turquoise Credits from domestic projects, registries run by the Turkish Standards Institution and the use of credits in the ETS and voluntary commitments.Carbon MarketsClimate LawTR ETS

    July2025

    1. SBTi publishes Net-Zero Standard for financial institutionsThe FINZ Standard sets criteria for financial institutions to align lending, investment, insurance and capital markets activities with net zero by 2050 at the latest.SBTiFinance
    2. Draft Turkish Emissions Trading System Regulation opened for commentThe first draft regulation for TR ETS was published, proposing a 2026-2027 pilot period and a first implementation period starting in 2028.TR ETSClimate Law
    3. Türkiye's Climate Law No. 7552 published in the Official GazetteTürkiye's first Climate Law was published, giving a national ETS, emission permits, verified emission reports and a carbon credit system a legal basis.Climate LawTR ETSMRVCarbon Markets

    March2025

    1. SBTi opens Corporate Net-Zero Standard V2 draft for consultationThe draft proposed splitting companies into two categories by size and geography, treating Scope 1 and 2 separately and regularly assessing progress against targets.SBTi

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