A project to digitalize the procedure for issuing green bonds and accounting for carbon units
Within the framework of Chief Business Officer Manas Gizhduaniyev’s visit to Moscow on September 29, a memorandum of understanding and partnership was signed with the Russian company LLC «Evercity». The matter of this memorandum is the beginning of the process of developing a pilot project for digitalization and issuance of green bonds and carbon units on the digital platform «Evercity», based on blockchain technology.
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In addition, this platform allows the automatization of document flow and monitoring for issuing companies in Kazakhstan. Moreover, the platform helps with the accounting of carbon units. Currently, the Russian company LLC «Evercity» is considering the prospect of opening a representative office in the AIFC.
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The Astana International Financial Centre (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Management council of the AIFC during the council’s meeting on July 2, 2020 approved the Centre’s development strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.”
For more information about the AIFC, follow the link www.aifc.kz
The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds. In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
