Kazakhstan Launches Asia's First Economy-Wide Emission Trading System
This EC-LEDS success story highlights Kazakhstan's emission trading system, launched in 2013. The trading system requires qualifying businesses to cap their GHG emissions each year by increasing energy efficiency, domestic carbon offset projects, and carbon trades. It places caps on enterprises emitting 20,000 tonnes of CO2 equivalent annually including energy, industry, and natural resource extraction. This is in line with Kazakhstan’s National Green Economy program, which strives to reduce carbon intensity from electricity production by 40% and reduce overall emissions by 5% relative to 1990 levels by 2050. Overall, the system covers around 77% of the country’s total carbon dioxide (CO2) emissions.
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