İSTAÇ, a subsidiary of IMM, started selling carbon credits for the first time. British Numerco company sold 10 thousand tons of carbon credit.
The market research of İSTAÇ, which gained carbon credit under the supervision of the leading company of the international carbon market, Gold Standard, has yielded results. Contacting the British energy company Numerco, İSTAÇ reached an agreement and sold 10 thousand tons of carbon credit as a pre-sale. İSTAÇ, which broke new ground in the history of Istanbul Metropolitan Municipality (IMM), continues its attempts to sell its 6,5 million tons of carbon credit in the international market.
İSTAÇ gains carbon credits by producing energy from domestic waste in Odayeri and Kömürcüoda storage areas. The company has also applied for and accepted carbon credits for the waste incineration and biomethanization facilities it will establish in Eyüpsultan.
CARBON CREDIT MARKET
The Kyoto Porotocol, which came into force in 2005 under the United Nations (UN) Framework Convention on Climate Change, aims to reduce greenhouse gas emissions that cause climate change. The agreement grants states parties a carbon emission quota. One of the Kyoto Protocol mechanisms to reduce carbon emissions is the “Emission Trading” mechanism. If any country or producer exceeds its quota, it can purchase carbon quota from the country or manufacturer that emits less carbon.
THE MARKET HAS FOLDED 12 IN 25 YEARS
Twelve years ago, in 2008, the Carbon Market, whose transaction volume was $ 126 billion, is expected to reach about 3,1 trillion this year.