This document provides non-binding default cost of equity for Turkey to demonstrate investment analysis and additionality of project activities.
CDM Tool 27: Investment Analysis provides specific requirements and guidance on investment analysis for demonstrating the additionality of project activities. This tool includes an appendix that offers default values for the cost of equity (expected return on equity) for non-Annex 1 countries. However, it's important to note that Turkey is not included in this list, as Turkey is classified as an Annex 1 country under the United Nations Framework Convention on Climate Change (UNFCCC).
This document provides additional guidance for CDM Tool 27, specifically to present the default value for expected return on equity for project developers and VVB for project activities located in Turkey.
