AIFC Green Finance Centre held a webinar on the topic of efficient use of the legal aspects of environmental protection

The AIFC Green Finance Centre held a webinar on “Legal aspects of environmental protection and how to use them effectively” in cooperation with Unicase and Haller Lomax law firms.

Arman Bigazin, Partner at Haller Lomax Law Firm, and Nurlan Kubenov, Senior Associate at Unicase Law Firm were the speakers at the webinar. The webinar discussed the necessary legal measures for the Republic of Kazakhstan to achieve carbon neutrality by 2060.

Nurlan Kubenov spoke about the target indicators that Kazakhstan should achieve, the successes and challenges in implementing climate change policies, as well as revealed information on how the requirements of the United Nations Framework Convention on Climate Change, the Kyoto Protocol and the Paris Agreement are being implemented in Kazakhstan.

Arman Bigazin, an independent expert who was in the working group and participated in the development of the new Environmental Code of the Republic of Kazakhstan, made a presentation on important amendments to the Environmental Code of the Republic of Kazakhstan and basic requirements in the field of environmental protection. The speaker also dwelled on the preconditions for the development of a new Code, conducted a comparative analysis of the provisions and spoke about the main developments in the legislation, new approaches to environmental impact assessment, environmental permits, damages and liability.

Reference:

 The Astana International Financial Centre 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 Centre’s development strategy until 2025 was approved by the Management council of the AIFC during the council’s meeting on July 2, 2020. 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”. 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). www.gfc.aifc.kz