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A New Financing Model for Carbon Emission Reduction Projects: The Use of Carbon Emission Reduction Purchase Agreements (ERPA) in the Private Pension System

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Gökhan Şen • Mehmet Yunus Çelik • Tolga Ulusoy

Abstract

As a result of the awareness of global climate change, many studies have been carried out to avoid this situation. These studies have been carried out intensely since the protocol signed in Kyoto in 2005. Reduction of carbon dioxide emissions from engines operating on fossil fuels, the promotion of using the renewable natural sources such as wind, solar, etc

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