IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v27y2025i3d10.1007_s10668-023-04229-2.html
   My bibliography  Save this article

Turkey's national renewable energy certificate system: a comparative assessment

Author

Listed:
  • Azra Senturk

    (Kocaeli University)

  • Mustafa Ozcan

    (Kocaeli University)

Abstract

Renewable energy certificates (RECs) are a market-based mechanism used to increase the use of renewable energy sources in electricity generation and consumption worldwide and to disclose the source of electricity supplied by suppliers to end consumers. Interest in these certificates is increasing every day. In this study, national REC mechanisms of Taiwan, Japan and China have been scrutinized and these mechanisms have been compared in terms of design and operation with the Renewable Energy Guarantees of Origin (YEK-G), which is the national renewable energy certification system of Turkey. YEK-G has the potential to contribute to Turkey's sustainable development and renewable energy integration. The YEK-G system's well-structured online certificate trading platform is a key component in encouraging users to trade certificates. Unlicensed power plants must be included in the YEK-G system. YEK-G should be internationally recognized, traded in foreign markets and integrated with international carbon markets. The YEK-G mechanism should not continue on a voluntary basis. It should be supported by regulatory policies such as Renewable Portfolio Standards.

Suggested Citation

  • Azra Senturk & Mustafa Ozcan, 2025. "Turkey's national renewable energy certificate system: a comparative assessment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(3), pages 7919-7947, March.
    • Handle: RePEc:spr:endesu:v:27:y:2025:i:3:d:10.1007_s10668-023-04229-2
    DOI: 10.1007/s10668-023-04229-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-023-04229-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10668-023-04229-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wang, Ge & Zhang, Qi & Su, Bin & Shen, Bo & Li, Yan & Li, Zhengjun, 2021. "Coordination of tradable carbon emission permits market and renewable electricity certificates market in China," Energy Economics, Elsevier, vol. 93(C).
    2. Till Requate, 2015. "Green tradable certificates versus feed-in tariffs in the promotion of renewable energy shares," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(2), pages 211-239, April.
    3. Hulshof, Daan & Jepma, Catrinus & Mulder, Machiel, 2019. "Performance of markets for European renewable energy certificates," Energy Policy, Elsevier, vol. 128(C), pages 697-710.
    4. Irfan, Mohd, 2021. "Integration between electricity and renewable energy certificate (REC) markets: Factors influencing the solar and non-solar REC in India," Renewable Energy, Elsevier, vol. 179(C), pages 65-74.
    5. Zhang, Qi & Wang, Ge & Li, Yan & Li, Hailong & McLellan, Benjamin & Chen, Siyuan, 2018. "Substitution effect of renewable portfolio standards and renewable energy certificate trading for feed-in tariff," Applied Energy, Elsevier, vol. 227(C), pages 426-435.
    6. Ciarreta, Aitor & Espinosa, Maria Paz & Pizarro-Irizar, Cristina, 2017. "Optimal regulation of renewable energy: A comparison of Feed-in Tariffs and Tradable Green Certificates in the Spanish electricity system," Energy Economics, Elsevier, vol. 67(C), pages 387-399.
    7. Swain, Ranjula Bali & Karimu, Amin, 2020. "Renewable electricity and sustainable development goals in the EU," World Development, Elsevier, vol. 125(C).
    8. Hualin Cai & Jiageng Chen & Chenjing Dong & Jing Li & Zhemin Lin & Chuan He & Yicheng Jiang & Jincheng Li & Li Yang, 2019. "Power Market Equilibrium under the Joint FIP-RPS Renewable Energy Incentive Mechanism in China," Sustainability, MDPI, vol. 11(18), pages 1-19, September.
    9. Kevin Currier, 2015. "Some Implications of Investment Cost Reduction Policies in Energy Markets Employing Green Certificate Systems," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 60(2), pages 317-323, February.
    10. Yu, Xianyu & Ge, Shengxian & Zhou, Dequn & Wang, Qunwei & Chang, Ching-Ter & Sang, Xiuzhi, 2022. "Whether feed-in tariff can be effectively replaced or not? An integrated analysis of renewable portfolio standards and green certificate trading," Energy, Elsevier, vol. 245(C).
    11. Kumar, Rajesh & Agarwala, Arun, 2013. "Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India," Energy Policy, Elsevier, vol. 55(C), pages 669-676.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Currier, Kevin M. & Rassouli-Currier, Susanne, 2018. "Producer incentives in electricity markets with green quotas and tradable certificates," Utilities Policy, Elsevier, vol. 55(C), pages 59-68.
    2. Safarzadeh, Soroush & Hafezalkotob, Ashkan & Jafari, Hamed, 2022. "Energy supply chain empowerment through tradable green and white certificates: A pathway to sustainable energy generation," Applied Energy, Elsevier, vol. 323(C).
    3. Zhen, Juntao & Zhao, Laijun & Yi, Hongru & Cheng, Youfeng & Wang, Ke & Hu, Haisheng, 2024. "Cross-provincial collaborative transaction that considers both the green electricity and the green certificate markets under a renewable portfolio standard policy," Applied Energy, Elsevier, vol. 372(C).
    4. Chung, Yessica C.Y. & Kunene, Noxolo & Chang, Hung-Hao, 2024. "Renewable energy certificates and firm value: Empirical evidence in Taiwan," Energy Policy, Elsevier, vol. 184(C).
    5. Wang, Chizhong & Chen, Heng & Wang, Zhengwei & Gao, Yue & Zhang, Guoqiang, 2025. "Economic assessment and grid parity analysis of photovoltaic power generation considering tradable green certificate," Applied Energy, Elsevier, vol. 382(C).
    6. Fan, Zhi-Ping & Cai, Siqin & Guo, Dongliang & Xu, Bo, 2022. "Facing the uncertainty of renewable energy production: Production decisions of a power plant with different risk attitudes," Renewable Energy, Elsevier, vol. 199(C), pages 1237-1247.
    7. Pan, Yuling & Dong, Feng, 2023. "The impacts of energy finance policies and renewable energy subsidy on energy vulnerability under carbon peaking scenarios," Energy, Elsevier, vol. 273(C).
    8. Zhao, Chuandang & Xu, Jiuping & Wang, Fengjuan & Xie, Guo & Tan, Cheng, 2024. "Economic–environmental trade-offs based support policy towards optimal planning of wastewater heat recovery," Applied Energy, Elsevier, vol. 364(C).
    9. Teng, Minmin & Lv, Kunfeng & Han, Chuanfeng & Liu, Pihui, 2023. "Trading behavior strategy of power plants and the grid under renewable portfolio standards in China: A tripartite evolutionary game analysis," Energy, Elsevier, vol. 284(C).
    10. Zheng, Baoning & Bao, Zhejing & Yang, Li, 2023. "Design and equilibrium analysis of integrated market of ISO-led carbon emissions, green certificates and electricity considering their interplay," Energy Economics, Elsevier, vol. 126(C).
    11. Rydehell, Hanna & Lantz, Björn & Mignon, Ingrid & Lindahl, Johan, 2024. "The impact of solar PV subsidies on investment over time - the case of Sweden," Energy Economics, Elsevier, vol. 133(C).
    12. Shrestha, Anil & Kakinaka, Makoto, 2023. "Nexus between renewable energy certificates and electricity prices in India: Evidence from wavelet coherence analysis," Renewable Energy, Elsevier, vol. 204(C), pages 836-847.
    13. Hao, Peng & Guo, Jun-Peng & Chen, Yihsu & Xie, Bai-Chen, 2020. "Does a combined strategy outperform independent policies? Impact of incentive policies on renewable power generation," Omega, Elsevier, vol. 97(C).
    14. Li, Wanying & Dong, Fugui & Ji, Zhengsen & Xia, Meijuan, 2023. "Analysis of the compound differential evolution game of new energy manufacturers’ two-stage market behavior under the weight of consumption responsibility," Energy, Elsevier, vol. 264(C).
    15. Song, Xiao-hua & Han, Jing-jing & Zhang, Lu & Zhao, Cai-ping & Wang, Peng & Liu, Xiao-yan & Li, Qiao-chu, 2021. "Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model," Energy Policy, Elsevier, vol. 159(C).
    16. Yang, Yan-Shen & Xie, Bai-Chen & Tan, Xu, 2024. "Impact of green power trading mechanism on power generation and interregional transmission in China," Energy Policy, Elsevier, vol. 189(C).
    17. Dong, Zhuojia & Yu, Xianyu & Chang, Ching-Ter & Zhou, Dequn & Sang, Xiuzhi, 2022. "How does feed-in tariff and renewable portfolio standard evolve synergistically? An integrated approach of tripartite evolutionary game and system dynamics," Renewable Energy, Elsevier, vol. 186(C), pages 864-877.
    18. Wu, Jiaqian & Zheng, Xiaolin & Yu, Songmin & Yu, Lean, 2024. "Modeling multi-market coupling effects considering the consumption above quota trading market in renewable portfolio standards: An agent-based perspective," Energy Economics, Elsevier, vol. 138(C).
    19. Zeng, Lijun & Wang, Jiafeng & Zhao, Laijun, 2022. "An inter-provincial tradable green certificate futures trading model under renewable portfolio standard policy," Energy, Elsevier, vol. 257(C).
    20. Bangjun, Wang & Feng, Zhaolei & Feng, Ji & Yu, Pan & Cui, Linyu, 2022. "Decision making on investments in photovoltaic power generation projects based on renewable portfolio standard: Perspective of real option," Renewable Energy, Elsevier, vol. 189(C), pages 1033-1045.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:27:y:2025:i:3:d:10.1007_s10668-023-04229-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.