The economic costs of signing the Kyoto Protocol in its current form could result in as much as a 37 percent drop in Turkey's Gross Domestic Product (GDP), which was $148 billion in 2006, reported a paper prepared by the state agency responsible for charting the progress and possible repercussions of projects.
According to the report presented by the State Planning Organization (DPT) to the Parliament commission investigating the matter, by signing the protocol Turkey would be willingly accepting responsibility to undertake certain measures and the repercussions of these measures could cost between 10 to 37 percent of the GDP.
The Kyoto Protocol would see Turkey decrease its carbon emission, while providing the opportunity to increase such emissions to countries like Greece, Norway, Australia and Portugal.
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