Climate Change With Royalty Model Report
Turkey promoted royalty contract after 2005. After Soma mine disaster, royalty contract in coal production took public attention. Royalty contract in electricity production in not well-known model.
New report, Climate Change With Royalty Model analyses background of royalty contract in electricity production. The report is prepared by Önder Algedik, energy and climate expert.
Findings of the report rises serious concerns about Turkish high carbon economy policies;
- Turkey ratified UNFCCC in 2004. After that, Turkey launched coal exploration activities in 2005. Since than, 7,2 billion tons of new lignite reserve explored.
- Royalty contract is an important tool in increasing coal production. Royalty model in electric production is another tool that increases coal consumption. As of today, Turkey has 9 coal power plant contract with royalty model.
- Burning 887 million tons of reserve of these 9 power plants means 780 million tons of CO2 which is equal to 5 years of greenhouse gas emissions emitted by Ethiopia.
- Turkey privatized 4,6 GW of coal power plant recently. With royalty model, private sector reached 7,6 GW power plant installed capacity. Even this figure shows how Turkey is gaining private sector investment to the high carbon economy.
- Although Turkey has been defending historical responsibilities, further affords has been developed in order to burn the coal in the soil. Combustion of recently found 7.2 billion tons of reserve would cause 8 billion tons of carbon dioxide that is equal to 50 times of annual emissions emitted by Ethiopia.
Author of the report; Önder Algedik summarizes that “ Financing Coal report described Turkey’s high carbon economy model and how Turkey is pushing coal in energy policies. Our recent report TGNA’s Role in Climate Change analyzed Turkish Parliament role in terms of legislation and parliamentary scrutiny. As Turkey signed Paris Agreement on April 22, This new report shows widening gap between scientific facts and policies as well as increasing role of private sector in coal power plant.”
For the report click here,