Frequently Asked Questions

  • Q1: Is the registry designed to enable the voluntary carbon asset projects to be accepted as CDM projects in the future?

    • A1: Since the new regime (refers to Post-2012 following the end of the first commitment period of the Kyoto Protocol) does not have any certainty or clarity particularly for Turkey yet, those projects cannot be endorsed as potential CDM projects in advance and neither the registry assures that those projects are to be converted into CDM projects in the future. 

  • Q2:Does the registry requires registration of every VER projects developed in Turkey?

    • A2: Project developers will continue to have the option of not registering their projects in the National Registry.  However, registering projects in the Registry can be expected to provide significant value to project developers. Once the world knows that Turkey has established a project registration system that relies on a transparent, uniform project approval system, host country endorsement of projects will enhance the project value in the VCMs. As such, project developers will use market signals to determine the net benefits of registering their projects
  • Q3: Does the Ministry of Environment and Forestry clearly reject or accept the project applications following the sustainable development criteria screening process?

    • A3: Yes the the Ministry will accept/reject projects based on the receipt and acceptance of necessary documents identified in the Communique and national sustainable development criteria assessment. However, acceptance or rejection of the Ministry only binds issuance of an approval letter and registration of the project to the national registry system. International approval procedures are not affected by the rejection as the registry system is a voluntary system and country approval letter is not always a requirement by Voluntary Carbon Standard Institutions.

  • Q4: What are the elements of the assessment process?

    • A4: The assessment process includes evaluation of projects in terms of sustainable development criteria identified in Annex III of the Communiqué. The sustainability criteria included in the process mirrors similar criteria being used in most countries for “Host Country” approval under the CDM process. It is a qualitative assessment which provides procedural credibility to the approval process in Turkey and will ease any future transition into a compliance market.
  • Q5: Why should I register my project?

    • A5: Project registration will provide increased legitimacy to the carbon projects developed in Turkey. The National Registry will serve as a well documented database that provides useful market data. This process will, over time be expected to enhance project values by eliminating market instability that current results from uncertainties and inconsistencies in the data collection and recording process. 

  • Q6: Does the registry have any penalty in fact I do not register my project?

    • A6:   There will be no penalties for non-registered projects. However, the market would be expected to set the value premium on projects that are registered under the national system.

  • Q7: Am I allowed to opt out the registry system?

    • A7: Once projects are registered under the national system with an approved status, opting out is not allowed.  The respective information effecting status of registered projects is to be reported to the Ministry in 20 working days. If not reported in a given period, the approval of the registered project will be cancelled and publicly announced. However, this is only valid for already registered projects and it does not mean that once a project owner is registered to the system, it has to register all of the projects developed.

  • Q8: Would the registry add 40 days to my existing registration process through the international standards?

    • A8: Certainly not. This process can go in parallel to the process of approval with the relevant international carbon market standard.

  • Q9: Does the registry will cost anything for registration of my project?

    • A9: There will be no charges associated with project registration.

  • Q10: Am I going to able to receive letter of approvals retroactively for the currently developed projects?

    • A10: YESTurkish administrative regulatory procedures and traditions allow for this kind of administrative act; provided that it is affirmative in nature for affected or third parties. From a purely jurisprudential point of view, issuing of letters of approval is an administrative act triggered by the application of individuals. Such acts and ex officio administrative acts are declaratory of an already existing right. In other words, they do not construct a new legal regime for individuals or change the legal status thereof. Moreover, the act of issuing a letter of approval for currently developed projects is not necessarily a retroactive administrative act, as the date of issuing of a letter of approval will be pursuant to and later than the project developer’s application date for registration of the already developed project at the registry.

  • Q11: Is it possible to double register my project under the different registration systems? Considering a project registered under a different climate registry such as CCX, would it be possible for the same project developer to register the same project un

    • A11: The national registry will serve as a database to monitor the projects developed in Turkey. As such, the registrar will have chance of registering the project under different registry systems.

  • Q12: Are buyers going to be monitored within the system?

    • A12: Within the current system, the transactions will not be registered, only the status of the projects will be updated. However over time, it is planned to track the buyers by recording all transactions.

  • Q13: What are the differences of the screening process of the national registry than the validation/verification conducted by the respective Designated Operational Entities (DOEs)?

    • A13: The national registry screening is screening for the projects objectives to be in line with national criteria while the DOEs will do the in depth screening of project credits generation as per the International carbon market standards. The international accreditation system is already there even for the voluntary market. The government is not certifying credits. The certification is done by one of the internationally recognized and accredited agencies that is being done presently for the voluntary carbon market in Turkey. On the other hand screening process of the registry system includes screening of the projects based on  sustainable development criteria given in the Communiqué. The national registry system will not register a project or issue an approval letter for a project that is not validated by a DOE.
  • Q14: Through the national registry which is open to public, information about total number of VCM projects in Turkey will be available to international buyers. If the total number of projects is much higher than expected, do you foresee any decrease in de

    • A14: Information regarding the status of the projects will be available to public following the approval of the projects by the Ministry of Environment and Forestry. Hence, such public registry would not be expected to affect buyer demand at very end stage of the project development process.
  • Q15: When my project will be transparent in the registry system? What level of information would I be expected to share publicly?

    • A15: As mentioned above,   projects will be publicly available once the Ministry the receives and accepts necessary documentation identified in the Communiqué including validation report and approves that the project is in line with national sustainable development criteria.

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