This is a public event at COP31.
The event will discuss how EU carbon-market governance could be strengthened and explore the concept of a flexible governance and explore different models such as a European Central Carbon Bank (ECCB) or European Carbon Management Agency (ECMA) as a possible future model. How does Türkiye see this governance and what lessons it has taken from the EU experience.
The discussion will focus on:
- How an increasingly complex system – combining a declining cap, the MSR, removals, international credits and investment support – can be managed coherently.
- Whether such governance could provide an appropriate institutional framework for these new functions.
- How stronger, more transparent and accountable governance could support market stability, investment and climate objectives.