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Emissions Trading in Kazakhstan: Challenges and Issues of Developing an Emissions Trading Scheme

The meme for carbon markets in 2013 is the increased utilisation of domestic emissions trading as a primary policy tool across a broad spectrum of UNFCCC Parties. Previous issues of the CCLR have addressed developments in China, South Korea, Japan and other jurisdictions. In this issue of 'In the Market�, we will briefly review how Kazakhstan is implementing its emissions trading scheme and the implications of this scheme for the wider region. This article is based on a Workshop sponsored by the European Bank of Reconstruction and Development held in Astana on 20 June 2013, at which both the authors were present.

In 2012, Kazakhstan began to create a domestic emissions trading system (ETS), which has led to a pilot phase commencing in January of this year. The ETS will help the country achieve its goal of reducing greenhouse gas (GHG) emissions 7% below 1990 levels by 2020, and it allows Kazakhstan to claim the title of being the first Asian nation to undertake an economy-wide cap on its emissions. Prior to the implementation of an emissions trading system, Kazakhstan had put in place a policy to reduce energy consumption per unit of GDP by 15 % by 2015 and 25 % by 2020. Kazakhstan is now a signatory to the Kyoto Protocol, with an inscription in Annex B for a GHG reduction of 5% below baseline levels by 2020.

Copyright:	© Lexxion Verlagsgesellschaft mbH
Quelle:	Issue 01/2013 (April 2013)
Seiten:	3
Preis:	€ 41,65
Autor:	Karl Upston-Hooper Jeff Swartz
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