CARBON TRADE IN TURKEY What Is Carbon Trading? • Carbon trading is a market-based system. The main purpose of this system is to decrease greenhouse gases that contribute to global warming. • Carbon trading is the buying and selling of credits that allow a company or different organization to emit a certain amount of carbon dioxide. • Carbon credits and carbon trading are authorized by governments. The reason for this is to gradually decrease carbon emissions and their contribution to climate change. The working principle of carbon trading is basically as follows: Every country is allowed to emit a certain amount of carbon dioxide. Countries that do not reach this amount can sell the remaining amount to countries that want to emit more carbon dioxide. These amounts are renewed and reduced each year. • The Paris Agreement RELEVANT FACTS ABOUT CARBON TRADE IN TURKEY DEFINING THE ETHICAL ISSUES • Carbon trading is unethical and harmful in many ways. If we need to define the ethical issues involved in the situation, many things can be said. • Carbon trading requires an increased concentration of greenhouse gases that can increase global warming and lead to increased air pollution. • The carbon trading practice in Turkey has been tried to be controlled, but the issue of carbon emission standards has not been effective as it creates ethical problems for different countries since it is not possible to set a specific standard globally. • Differentiation in climates, differentiation in the geological environment and ethical dilemma are becoming a problem for all countries in the context of determining a measure for carbon emissions. Therefore, creating an emissions trading system is inherently objectionable and relatively weak. Carbon trading is not a tangible market, it can also create negative effects between countries. Homogeneity issues stem from the nonlinear nature of climate change. From a geographical point of view, the extra amount of carbon released in some countries can cause climate change in that geography and this means that it is very harmful to the health of many living things. Issues of justice include the increase in colonization and the concentration of wealth among the rich. This means that carbon trading prevents poverty reduction initiatives. That is, it makes the rich richer and the poor poorer. Identifying all stakeholders: All stakeholders affected by this situation, can be found. It divided into two as primary and secondary stakeholders. Among the primary stakeholders we can count are companies since the carbon market in Turkey is carried out through voluntary work, that is, with companies. Another primary affected stakeholder is nature. Since carbon trading can lead to climate change when viewed regionally, nature is the primary stakeholder. • Secondary stakeholders include the public. With the effect of nature, that is, with the change of the climate, the people who will be affected are the public living there. • Another secondary stakeholder is the workers in the company. The company's carbon trading and active operation means that employees in that company will also be affected. Analyze Each Aspects: • Theories that will come to the fore in carbon trading are biocentric ethics, ecocentric ethics, anthropocentric ethics, utilitarianism, and deontology. • Carbon trading is not a concrete market. This can lead to conflicts between countries. Country presidents have responsibilities towards society. According to deontology, the individual has to fulfill these responsibilities. They must ensure that peace between countries continues. Ethical value is responsibility in this situation. • Carbon trading causes wealth to grow among the rich, but the poor start to get more and more poor. This approach is wrong according to utilitarianism theory. The fact that one segment is richer than normal, and the other is poorer than normally indicates that the economy of that country is deteriorating. It is also the right of the poor people to reach prosperity. Ethical value in this situation is justice. We can also talk about anthropocentric ethics. People have a moral value, and all people have the right to live in good living standards. • Setting a standard in carbon emissions is very difficult. One of the reasons for this is the geographical location of the countries. The standard set may cause more greenhouse gases than necessary for the atmosphere in the location of that country. According to ecocentric ethics, the unique value of the ecology in its atmosphere must be preserved. In this case, if we consider the creatures that are affected by the greenhouse gas, we also enter into biocentric ethics. All living things have value, and decisions to protect them must be made correctly. Identify the Consequences: • One of the primary stakeholders in Turkey is companies without government support. Companies can profit from carbon trading in the short term. In the long term, companies may begin to view carbon trading as a means of making money. This can increase the amount of carbon rather than reduce it. The public then starts to hate the companies and can quickly sue. Companies may suffer financial losses in the future. • The second of the primary stakeholders is nature. In the early days, when the amount of carbon is reduced, positive effects can be observed in nature. If carbon trading becomes a business for profit, it can generate more greenhouse gasses than nature can handle. In the long term, it may cause climate change in the region. • Secondary stakeholders are the people and the first of these is the people living in the environment. They can many problems due to climate change. Famine is the biggest problem among them. People can also experience poverty due to the fact that the carbon trade is among the rich. Other secondary stakeholders are the workers employed in these companies. Workers can be harmed indirectly by the mistakes made by the companies. For example, some may be laid off. If we consider all of these in detail, people who are in financial difficulties and hungry may commit suicide or revolt. PRINCIPLES, LAWS, REGULATIONS Carbon trading is effective with its policies of reducing carbon emissions, however the system has imperfections. There can be some actions to take to prevent such downsides: • Reducing greenhouse gas emission by the government of Turkey: This action can be taken if the conflicts of carbon trading are not wanted, such as profits for companies, conflicts between countries etc. The emission rates will be defined by the governmental ministries. This action can alienate Turkey among the other countries that apply carbon trade or other policies. • Creating a permanent metric for all countries by setting a carbon emission standard: There will be no differentiation or relaxation in the metric of carbon emission for any country. It is not practical to expect all countries to accept this. Also, some countries like well-developed ones need more production than others, the limit needs to be considered for their needs. • All the countries should create a common goal for the reduction of carbon emission by using more eco-friendly practices: Similar to the second one but less strict and a different method of applying common eco-friendly practices such as more recycling, less fossil fuels. A world standard will be determined for emissions. Just like the second action, we cannot expect all countries to comply and reduce their activities regarding to their needs. • Turkey should take a step to enforce strong legal action to reduce reckless carbon trading: Just involves Turkey, impactful for the corrupt companies to not neglect the laws of carbon trading to turn them into profits. The downside is that some voluntary companies may not want to involve, and the carbon trading market can suffer. Setting parameters or creating a common goal with the encouragement of eco-friendliness for all the countries are not very applicable in common sense. Every country has different carbon emissions regarding to its needs. Government controlled greenhouse gas emissions in Turkey may not be enough to compete with other countries who apply carbon trade policies. The most plausible one can be seen as improving regulations in Turkey. With this approach, improving the laws we already have will have more effect and need less force to implement. First, we have noted in their favour that emissions trading schemes may minimize waste and recognize person’ interest in liberty. Second, we provided a classification of ethical objections to the market. That said, we examined many different initiatives to show that emissions trading schemes are valid. Finally, we have argued that emissions trading schemes do not elide the distinction. Conclusion • Carbon trade in the world and in Turkey allows the reduction of greenhouse gas emissions to the atmosphere and aims to reduce the possible effects of climate change. The Kyoto Protocol reports this situation. The trade chaos of carbon trade, which consists of the difference in the level of development of the countries, has created both a commercial injustice between rich countries and poor countries and led to unethical situations. Greenhouse gases have led to situations that will pose a threat to living things on earth. That is why the main purpose of carbon trade in Turkey and in the world is to minimize greenhouse gases and carbon dioxide emissions in the world. THANKS FOR LISTENING • AHSEN ÇİSEM ÇÖNOĞLU – 270211010 • CANSEL YARAN – 270211014 • EGE TEMİZTEPE – 270211017 • MUHAMMED EREN ALIRIZ – 270211021 • SELEN İNCİ – 280211040 • YAĞMUR ZEYNEP EGİTİM – 270211028