Emissions Trading & Voluntary Carbon Market
The Astana International Financial Centre has released a comprehensive report: “Emissions Trading Systems and the Voluntary Carbon Market: Global Overview and Prospects for Kazakhstan.” This report highlights key insights into carbonmarkets and the steps Kazakhstan can take to enhance its system.
REPORT
Current Challenges in Kaz ETS:
✔️ 100% free allocation of carbon allowances results in a low carbon price (~$1 per unit) compared to the EU ETS price of $90 in 2023.
✔️Carbon trading in Kazakhstan has been suspended on exchanges since 2022, reducing incentives for decarbonization.
✔️Lack of paid allocation prevents the formation of a market-driven carbon price.

Key Recommendations:

  • Introduce paid allocation of carbon allowances.
  • Resume carbon trading on multiple platforms.
  • Expand the number of ETS participants and create a carbon fund.

Kazakhstan’s Path to Carbon Neutrality by 2060

AIFC’s vision includes the AIFC Carbon Platform, which in the medium term will facilitate carbon credit trading and, in the long run, could serve as a marketplace for Kaz ETS allowances. This platform has the potential to become a regional hub for CentralAsia and the Caucasus.
“At the Astana International Financial Centre, we are committed to leading the development of new market mechanisms and financial products that not only drive economic growth but also contribute to global sustainability efforts. Our advanced infrastructure and technological capabilities serve as the foundation for these initiatives, positioning the AIFC as a platform for sustainable investments and innovative financial solutions."
— Daniyar Kelbetov, Chief Product Officer, AIFC Authority