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4.78.   With this meeting [the First Climate Council], roadmaps for energy, transportation and industry, agriculture, waste, buildings and forestry, green finance, carbon pricing, adaptation to climate change, role of local administrations, migration, just transition and social policies, education and awareness, science and technology, biodiversity, clean and circular economy, clean and secure energy, sustainable agriculture, sustainable transport and horizontal sectors.

4.80.   As with all EU legislations, Türkiye has been closely following the developments on the European Green Deal from the outset. In this respect, Türkiye's priority is to ensure that the new measures introduced by the EU Green Deal such as carbon border adjustment mechanism (CBAM) and policies under the circular economy action plan do not run contrary to the requirements related to the Customs Union and other international commitments of both sides.

4.81.   For this purpose, Türkiye maintains close cooperation and dialogue with the European Commission to align its trade policies in this regard with the EU and to promote the green transformation of the European and Turkish economies in line with mutual development goals.

4.82.   As part of Türkiye's efforts of adaptation and mitigation to climate change and green transformation, Türkiye's Green Deal Action Plan was made public on 16 July 2021. With 81 actions and 32 objectives under 9 priority headings, Türkiye's Green Deal Action Plan has become a part of Türkiye's Green Development Revolution.

4.83.   Ministry of Trade is at the core of the work under the Action Plan and coordinating the "Green Deal Working Groups" meetings on every technical/sectoral topic such as CBAM, national carbon pricing, national circular economy, clean energy and green finance as well as specific sectors such as aluminum, cement, steel, textile and construction.

4.84.   In order to draw the legal framework of all these efforts, we started to work on our Climate Law with a Climate Council including representatives from the public, private sector, academia and finance. This framework will include a carbon pricing mechanism with a focus on establishing an ETS in Türkiye.

4.85.   Works on concluding our National Green Taxonomy, National Circular Economy action plan and developing a National Climate Finance Strategy are also going on.

4.86.   The 11th Development Plan encompassing the years between 2019-2023 already had the green transformation objective while the next development plan that is being prepared for the years 2024-2028 will fully encompass our green development revolution.

2.35. (...) There are also laws providing investment incentives in specific sectors, such as renewable energy. Some such laws are currently subject to amendment.

2.43. The 2015 Law on Legal Stability for Investments is aimed at attracting domestic and foreign investment by ensuring legal certainty for investors through contracts with the State. (...) By mid-2022, three contracts had been signed with renewable energy companies.