New York – September 23, 2024 | Verra, the world’s leading standard setter for climate action and sustainable development, today announced a strategic partnership with Türkiye’s energy exchange EPİAŞ to enable the first-ever exchange-based trading of Verra-certified carbon credits on the EPİAŞ platform.
The chief executive officers of Verra and EPİAŞ came together on the sidelines of Climate Week NYC to sign a Memorandum of Understanding, outlining the key terms of the partnership.
The partnership will allow for Verra-certified carbon credits to be bought and sold on the EPİAŞ platform. These credits represent verified reductions in and removals of greenhouse gas emissions, and by facilitating their trade through an exchange, both buyers and sellers benefit from a regulated, efficient, and transparent marketplace.
In addition to exchange-based voluntary carbon credit trading through its platform, EPİAŞ will also use the partnership with Verra to organize workshops to increase understanding of trading amongst potential market participants.
“This partnership marks a significant step forward in our goal to expand buyers’ access to high-quality carbon credits globally. By integrating Verra-certified credits into EPİAŞ’s established platform, we are aiming to enhance the credibility and transparency of Türkiye’s voluntary carbon market. Through the educational workshops we seek to foster greater understanding of and participation in the market. We look forward to seeing the positive impact this collaboration will have on both the market and broader climate action efforts in Türkiye.”
EPİAŞ’s CEO Taha Meli Arvas said: “With this agreement, we aim to provide the first exchange-based trading of voluntary carbon credits in the world, at EPİAŞ. This will mean a central counterparty that is connected to registries, that verifies the existence of the credits and seamlessly allows for their trade. This step will increase the product diversity of our environmental markets allowing our market participants access to Verra-certified credits.”
The exchange-based voluntary carbon credit trading on the EPİAŞ; platform is expected to begin in the coming weeks.
Contact:
Media Inquiries: Erdem Koch | ekoch@verra.org, +971 589 656275
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Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven nonprofit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods and protect natural resources by working with the private and public sectors. We support climate action and sustainable development with standards, tools and programs that credibly, transparently and robustly assess environmental and social impacts and enable funding for sustaining and scaling up projects that verifiably deliver these benefits.