The AIFC Green Finance Centre announces the registration of the Non-profit organization «Eurasian Environmental fund»
On May 13, 2021 the «Eurasian Environmental fund» Non-profit organization (hereinafter – the Fund) was registered in the AIFC jurisdiction. The Fund will finance projects for greening cities and their surrounding areas, creating urban flora and fauna, as well as developing public spaces in Kazakhstan. The Fund founders are AIFC Green Finance Centre, Kazakhstan Biodiversity Conservation Fund and Green Investment Group LLP.
The mission of the Fund is to achieve carbon neutrality in Kazakhstan. The fund will accumulate funds through grants, sponsors and voluntary donations.
«Eurasian Bank» JSC and «Mastercard Europe» LLC will become the first partners of the Fund and will support the Fund in achieving its goals and objectives.
The created Fund aims supporting the implementation of goals of the Concept for transition of the Republic of Kazakhstan to Green Economy until 2050, adopted in 2013, and the goals of Paris Agreement, ratified in 2016.
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 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).
