Internal Carbon Pricing and Climate Finance Tracking for Banks: Implementation Guidance Report

Given the Turkish government’s considerations of introducing national carbon pricing legislation at some point, this new report prepared by Climate Focus and partners serves to inform banks in Turkey about possible ways of defining an internal carbon price by looking at the relevance of regulatory pricing, abatement cost pricing, social cost pricing, and peer pricing. The report also aims to inform banks on how they can prepare themselves for an increased need to track climate financing and how these preparations can leverage their existing tracking practices and provide support to a broader low-carbon strategy. The report has been prepared for the EBRD and in consultation with Garanti Bank.