Verra confirms plans for credits to be traded on Turkish exchange

Quantum Commodity Intelligence – US-based registry Verra has confirmed it is working with Turkish energy exchange Epias to facilitate the first-ever exchange-based trading of Verra-certified carbon credits.

Verra chief executive Mandy Rambharos and Epias CEO Taha Meli Arvas signed a memorandum of understanding on the sidelines of Climate Week NYC outlining the main terms of the agreement that will allow Verra credits to be bought and sold on the exchange's platform in the coming weeks.

"In addition to exchange-based voluntary carbon credit trading through its platform, Epias will also use the partnership with Verra to organize workshops to increase understanding of trading amongst potential market participants," the partners said in a statement Monday.

Epias announced last month that it would be partnering with Verra to offer voluntary carbon credits for trading on its platform.

Rambharos said: "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 Epias's established platform, we are aiming to enhance the credibility and transparency of Turkey'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 Turkey."

Arvas said: "With this agreement, we aim to provide the first exchange-based trading of voluntary carbon credits in the world at Epias."

"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."