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Summary 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.
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..
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%)
Downstream: power, industry
Offsets & credits:
Phases & Compliance periods:
Phase I: 2013
Phase II. 2014-2015
Phase III. 2016-2020
Compliance Period: one year.
Banking and borrowing are not provided by current legislation.
For further information, visit the ICAP ETS Map.
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