The Agency for Strategic Planning and Reforms Initiated a Discussion of the Development of Carbon Trading in Kazakhstan

Under the auspices of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan a webinar was hosted on August 25 and 27, 2021, to discuss the development of carbon trading in Kazakhstan as an important component of the national decarbonization strategy.

The webinar, where active players in the emission trading market, including EICON Ltd, shared their experience and expertise, was held by the Agency to increase expert cooperation in discussing the next steps for carbon trading and decarbonization.

Specifically, the webinar focused on the following 2 topics: "Prospects for the development of the carbon trading system", "Offset policy and the role of monitoring, reporting and verification in the development of the carbon market".

Seminar participants, including the representatives of the Ministry of Ecology, Geology and Natural Resources of the Republic of Kazakhstan, AIFC, World Bank, EICON Ltd, Kaspy commodity exchange, emission verifier companies, representatives of business associations, real sector companies and experts discussed a wide range of issues to understand how the market works: characteristics of the emission accounting system, regulation, verification, information disclosure, the main directions for the emission trading reform and regulation of the process, historical information and research done so far.