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A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System

Year 2019, Volume: 34 Issue: 2, 111 - 120, 31.12.2019
https://doi.org/10.28955/alinterizbd.664754

Abstract

As a result of the awareness of global climate change, many studies have been carried out to avoid this situation. These studies have been carried out intensely since the protocol signed in Kyoto in 2005. Reduction of carbon dioxide emissions from engines operating on fossil fuels, the promotion of using the renewable natural sources such as wind, solar, etc. which are called clean energy, methane gas decompositions, and similar studies are some of these. As the studies increased, funding difficulties began to be seen in supporting the projects. In this context, especially project selection has started to gain importance. When the carbon emission reduction projects are examined, it is seen that forestry and especially forestation projects are very important. Especially, afforestation investments are very important in terms of increasing carbon sinks and many ecosystem services they provide are of great value. The aim of this study is to develop a new mechanism to create a source of financing for afforestation investments. In this context, the Private Pension System Funds was used as a fund-raising tool for the financing of afforestation investments. in this new mechanism, it was aimed that preventing climate change by making all actors gain income. With the implementation of this system, it is thought that the problems in the existing carbon markets will be prevented, the investments on afforestation will increase and also the environmental funds will become widespread.

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Year 2019, Volume: 34 Issue: 2, 111 - 120, 31.12.2019
https://doi.org/10.28955/alinterizbd.664754

Abstract

References

  • Anonymous. 2000. Eighth Five-year Development Plan (2001-2005) Climate Change Specialization Commission Report, (Reporter: M. Türkeş), DPT-2532-ÖİK:548, Ankara.
  • Anonymous. 2014. Tenth Development Plan (2014-2018) Specialized Commission Sustainable Use of Agricultural Land Report, ISBN 978-605-4667-58-1, Ankara.
  • Asan, Ü. 2010. Forestry sector current situation assessment report, 2. Draft-Web, development project of Turkey's national action plan on climate change.
  • Elibüyük, M. and Yılmaz, E. 2010. Altitude Grades and Inclination Groups by Turkey's Regions and Sections, Journal of Geographical Sciences (JGS). 8(1), 27-56
  • Haktanır, K., Cangir, C., Arcak, Ç., & Arcak, S. (2000). Soil resources and usage. Türkiye Ziraat Mühendisligi V. Teknik Kongresi. TMMOB Ziraat Mühendisleri Odası, 17-19.,
  • Hamilton, K., Bayon, R., Turner, G., Higgins, D. 2007. State of voluntary carbon markets 2007: Picking up steam, The Katoomba Group’s Ecosystem Marketplace 2007, NY.
  • Hamilton, K., Sjardin, M., Marcello, T., Xu, G. 2008. Forging a frontier: State of the voluntary carbon markets 2008, Ecosystem Marketplace & New Carbon Finance, NY.
  • Hamilton, K., Sjardin, M., Peters-Stanley, M., Marcello, T. 2010. Building Bridges: State of the Voluntary Carbon Markets 2010, Ecosystem Marketplace & Bloomberg New Energy Finance, NY. Available online: https://www.forest-trends.org/publications/building-bridges-state-of-the-voluntary-carbon-markets-2010/ (accessed on 30.12.2018)
  • Hamilton, K., Sjardin, Shapiro, A., Marcello, T. 2009. Fortifying the foundation: State of the voluntary carbon markets 2009, Ecosystem Marketplace & New Carbon Finance, NY.
  • Hamrick, K., Goldstein, A. 2015. Ahead of The Curve State of the Voluntary Carbon Markets 2015, Forest Trends’ Ecosystem Marketplace, Washington, DC.
  • IPCC. 2000. Special Report on Emissions Scenarios – A Special Report of Working Group III of the Intergovernmental Panel on Climate Change (IPCC), Cambridge University Press.
  • IPCC. 2001. Climate Change 2001: The Scientific Basic - Contribution of Working Group I to the Third Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) (edited by J. T. Houghton, et al.), Cambridge University Press, Cambridge.
  • Koçer, S., 1999. New financing opportunities for private sector poplar cultivations in Turkey. Ph.D. Thesis, İstanbul University, İstanbul.
  • Peters-Stanley, M., Gonzalez, G., Goldstein, A. and Hamrick, K., 2014. Sharing the Stage State of the Voluntary Carbon Markets 2014, Forest Trends’ Ecosystem Marketplace, Washington, DC.
  • Peters-Stanley, M., Hamilton, K, Marcello, T., Orejas, R., Thiel, A. and Yin, D., 2012. Developıng Dımensıon: State of the Voluntary Carbon Markets 2012, Ecosystem Marketplace & Bloomberg New EnergyFinance, NY.
  • Peters-Stanley, M., Hamilton, K., Marcello, T. and Sjardin, M., 2011. Back to the Future: State of the Voluntary Carbon Markets 2011, Ecosystem Marketplace & Bloomberg New Energy Finance, NY.
  • Peters-Stanley, M., Yin, D., Castillo, S., Gonzalez, G. and Goldstein, A., 2013. Maneuvering the Mosaic State of the Voluntary Carbon Markets 2013, Forest Trends’ Ecosystem Marketplace & Bloomberg New Energy Finance, Washington, DC.
  • Saraçoğlu, N., 2002. Orman Hasılat Bilgisi. Ders Kitabı, Bartın Orman Fakültesi, Üniversite Yayın No: 22, ISBN: 975-7137-17-0
  • United Nations (UN), 2015. Land Use, Land-Use Change and Forestry (LULUCF)
  • UNITED NATIONS. 2001. Framework Convention of Climate Change. FCCC/SBI/2001/L.8. Decision 7/CP.7, Proposal to amend the list in Annexes I and II to the Convention by removing the name of Turkey, SBI, Fifteenth session, Marrakesh, 29 October–6 November 2001.
There are 20 citations in total.

Details

Primary Language English
Subjects Agricultural, Veterinary and Food Sciences
Journal Section Research Articles
Authors

Gökhan Şen 0000-0003-0789-7474

Mehmet Yunus Çelik 0000-0003-4793-8306

Tolga Ulusoy 0000-0002-4365-0877

Publication Date December 31, 2019
Acceptance Date October 27, 2019
Published in Issue Year 2019 Volume: 34 Issue: 2

Cite

APA Şen, G., Çelik, M. Y., & Ulusoy, T. (2019). A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System. Alinteri Journal of Agriculture Science, 34(2), 111-120. https://doi.org/10.28955/alinterizbd.664754
AMA Şen G, Çelik MY, Ulusoy T. A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System. Alinteri Journal of Agriculture Science. December 2019;34(2):111-120. doi:10.28955/alinterizbd.664754
Chicago Şen, Gökhan, Mehmet Yunus Çelik, and Tolga Ulusoy. “A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System”. Alinteri Journal of Agriculture Science 34, no. 2 (December 2019): 111-20. https://doi.org/10.28955/alinterizbd.664754.
EndNote Şen G, Çelik MY, Ulusoy T (December 1, 2019) A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System. Alinteri Journal of Agriculture Science 34 2 111–120.
IEEE G. Şen, M. Y. Çelik, and T. Ulusoy, “A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System”, Alinteri Journal of Agriculture Science, vol. 34, no. 2, pp. 111–120, 2019, doi: 10.28955/alinterizbd.664754.
ISNAD Şen, Gökhan et al. “A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System”. Alinteri Journal of Agriculture Science 34/2 (December 2019), 111-120. https://doi.org/10.28955/alinterizbd.664754.
JAMA Şen G, Çelik MY, Ulusoy T. A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System. Alinteri Journal of Agriculture Science. 2019;34:111–120.
MLA Şen, Gökhan et al. “A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System”. Alinteri Journal of Agriculture Science, vol. 34, no. 2, 2019, pp. 111-20, doi:10.28955/alinterizbd.664754.
Vancouver Şen G, Çelik MY, Ulusoy T. A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System. Alinteri Journal of Agriculture Science. 2019;34(2):111-20.