Abstract
As it is commonly believed that the planet is facing environmental disasters as a consequence of climate change, the European Union intends to inspire a sustainable green transition. The European Commission presented “The European Green Deal” as an indicator of this leading mission, which is a reaction to a warming atmosphere, climate change and polluted air. The European Green Deal aims to transform the countries and citizens of the European Union into a fair and competitive environment where greenhouse gas emissions will be zero by 2050. Above all, the European Green Deal is also committed to transforming the greenhouse gas emissions of other countries. Turkey, one of the leading countries in terms of the volume of trade with Europe, is required to examine the issue of carbon emissions in detail. If it were not, the European Union and Turkey could end the commercial agreements under the carbon-border adjustment mechanism of the Commission aimed at reducing carbon leakage risk, where the electricity sector is one of Turkey's most associated greenhouse gas emissions sectors. The objective of this study is to examine the effects of the Green Deal on Turkey’s electricity market from both the supply and demand side, which will be affected by the Deal's carbon limits or enforcement. In addition, in this study, a road map for Turkey’s electricity market is offered via comparative analysis method under the requirements of The European Green Deal.
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