Kazakhstan to launch greenhouse gas emission trading system next year.

By bne IntelliNews November 20, 2012
Kazakhstan plans to launch greenhouse gas emission trading system next year. The Ministry of Environmental Protection developed National Allocation Plan. The allowances are granted to large enterprises operating in oil and gas, energy, hydro-metallurgy and other industries, in which emissions are higher than 20thsd tonnes of CO2. Kazakhstan agreed to undertake commitments to reduce greenhouse gas emissions by 15% by 2020 and by 25% by 2050 compared to the levels of 1990. Kazakhstan experiences effects of the form of expansion of desert and semi-desert areas, depletion of water resources, intensified floods and debris. Companies which fail to meet commitments will be subject to severe penalties. Kazakhstan will be the first CIS country that will establish a national emission trading system.
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