DOSSIER: Kazakhstan Emissions Trading System

Published 14:00 on January 1, 2016  /  Last updated at 13:30 on September 3, 2018  /  Conversations, Dossiers  /  No Comments

This dossier gives details of the Kazakh programme including its initial pilot period, its aborted phase and subsequent suspension. It also features a summary of key elements by the International Carbon Action Partnership (ICAP).

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Summary (ICAP)

ICAPlogoSummary provided by the secretariat of the International Carbon Action Partnership (ICAP), a multilateral forum working on carbon markets. For more information, visit ICAP’s website.  Copyright © ICAP and reproduced with permission.

 

General information:

Kazakhstan launched an ETS (KAZ ETS) in January 2013. The system was temporarily suspended in 2016 but soft MRV obligations applied during the suspension time. Amendments to the Environmental Code were passed in 2016 to improve the MRV system, as well as the overall GHG emissions regulation and KAZ ETS operation. Further amendments to the Environmental Code, which came into force in 2017 lay the groundwork for the introduction of benchmarking as one of the allocation methods. The KAZ ETS restarted operation on 1 January 2018 with new allocation methods and trading procedures for all market participants.

Background information:

Compliance in the KAZ ETS is mandatory for entities of covered sectors that fall within the inclusion threshold.

There is an absolute cap of 161.9 MtCO2e (2018).The cap is set at a 5% reduction by 2020 from 1990 levels.

Total emissions and proportion covered:

298.06 MtCO2e (2015) (55%)

Liable entities:

130 (2018)

Sector coverage:

Downstream: Power, industry

Gas coverage:

CO2

 

Allocation:

Free allocation

 

Offsets and credits:

Domestic

 

 Phases and compliance periods:

Phase I: 2013

Phase II: 2014-2015

Phase III: 2018-2020

Compliance period: one year.

 

Temporal flexibility

Banking is allowed within one trading period; banking between trading periods is prohibited. allowed.

For further information, visit the ICAP ETS Map.

 

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