DOSSIER: Kazakhstan Emissions Trading System

Published 14:00 on January 1, 2016  /  Last updated at 16:20 on May 24, 2017  /  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 is temporarily suspended until 2018. Corresponding amendments to the Environmental Code came into force in April 2016, which aim to improve the monitoring, reporting and verification (MRV) system, as well as the overall greenhouse gas emissions regulation and KAZ ETS operation. The system will restart in 2018 with new allocation and trading procedures but MRV obligations still apply until 2018..

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 746.5 MtCO2e for the entire Phase III (plus a reserve of 20.6 MtCO2), which would be an annual cap of 149.3 MtCO2e representing a reduction target of 3.6% compared to the average CO2 emissions of capped entities in 2011-2012.

Total emissions and proportion covered:

284.3 MtCO2e (2012) (49-50%)

Liable entities:

140

Sector Coverage:

Downstream: power, industry

Gas coverage:

CO2

 

Allocation:

Free allocation

 

Offsets & credits:

Domestic

 

Phases & Compliance periods:

Phase I: 2013

Phase II. 2014-2015

Phase III. 2016-2020

 

Compliance Period: one year.

 

Temporal Flexibility

Banking and borrowing are not provided by current legislation.

 

For further information, visit the ICAP ETS Map.

 

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