I-REC Renewable Energy Certificates Trading Launched on AIX
The first transaction involved the purchase of 1,000 I-REC certificates by the London-based trading firm Valor Carbon from Kazakhstan’s renewable energy producer Samruk-Green Energy.

I-REC is one of the global leaders in the voluntary renewable energy certificate market, operating in over 50 countries. These certificates confirm that electricity has been generated from renewable sources. The certificates verified by ECOJER Association were added to AIX’s suite of sustainable finance products in September 2024, becoming the first environmental instruments on the exchange.
“The launch of the I-REC trading platform reflects our commitment to sustainable and market-driven solutions for reducing the carbon footprint. Our centre will continue collaborating with leading international organisations to introduce additional environmental products, including carbon trading instruments. We believe that the development of the voluntary carbon market is one of the new directions that will enhance AIFC’s contribution to sustainable development in our region and facilitate integration with global markets."
— Daniyar Kelbetov, Chief Product Officer at AIFC Authority
“We are delighted to be part of AIX’s pilot trading initiative, as this marks a crucial step in developing climate finance markets in the region. AIX is the first exchange in Kazakhstan to provide infrastructure for trading I-REC and other sustainable assets. We look forward to actively collaborating with AIX to expand the range of climate instruments and strengthen the integration of Kazakhstan’s I-REC market into the global trading ecosystem. This is not just a local initiative but a major step toward advancing the carbon credit market and sustainable financial mechanisms in Central Asia."
— Nurzhan Aspandiyar, Director of Valor Carbon in Central Asia