Decree No.1536 of the Government of the Republic of Kazakhstan "On Approval of the National Plan of Distribution of Quotas for Greenhouse Gas Emissions for 2014-2015" came into effect on 1 January 2014.
The National Plan affects a total of 166 enterprises from three economy sectors, namely (1) energy, (2) coal, oil and gas production, and (3) industry. It deals with those enterprises, which CO2 emissions in 2012 exceeded 20,000 tons (“Operators”).
The National Plan establishes a reference line as the average of the aggregate carbon dioxide emissions for 2011-2012, allocates limits (quotas) on the amount of CO2 which may be emitted by each Operator, and identifies quotas which will be held in reserve for new facilities in priority economic sectors. It also takes into account the obligations of subsoil users to reduce their emissions of greenhouse gases. The Operators of the energy sector include Eurasian Energy Corporation JSC, Kazakhmys Energy LLP and others; the coal, oil and gas sector – Karachaganak Petroleum Operating B.V. CJSC, North Caspian Operating Company B.V. JSC (Kashagan deposit), Tengizchevroil LLP and others; and in the industrial sector: Transnational Company Kazchrome JSC, ArcelorMittal Temirtau JSC, Shymkentcement JSC and others.
Compared to 2013, the overall volume of quotas, will increase by 8.2 million units1 totaling 155,353,757 in 2014 and–by 5.8 million units totaling 152,023,450 in 2015.