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We assisted the international corporation in reviewing, amending, and developing the existing national legislation and regulations of the RES, including taxation and auctions. The amendments will help to develop and regulate the Kazakhstan carbon neutrality

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Legislation Amendment: Renewable Energy Sector
The Team analysed the Law “On Support of Renewable Energy”, the Kazakhstan Tax Code, Rules “For the approval of carbon offset and the provision of offset units”, Rules “For the formation of a plan for the location of renewable energy facilities”, the Minister of Energy Order dated December 21, 2017, № 466 "On Approval of the Rules of Organisation and Conduct of Auction Bidding”. We reviewed bidders qualification requirements, content and procedure of application, types of financial security, payment conditions and refund policy, procedure of summing up the results, and winners determination.
The Experts worked on the amendments to the Law “On Support of Renewable Energy” in Kazakhstan including the amendments to the existing Codes, laws, and various acts regulating the sector, as well as normative acts, establishing a regulatory framework and incentive scheme for renewable sources utilisation and improving energy efficiency standards in Kazakhstan.
Experience requirements for RE auctions participants guarantee that only those companies which can build facilities and supply the declared volumes of electricity within the time specified will be allowed to participate.
In terms of amendments to the tax free transfer of the carbon offset credits, the amendments are introduced for the purpose of stimulating the sale and purchase of carbon units in the secondary market through a direct transaction or through a commodity exchange. The amendments were also made to include geothermal energy projects in the list of small-scale carbon offset projects. This will enable developers to acquire the right to receive offset units in a simplified procedure (i.e. without submitting a project concept for a project approval decision).
Impact & Outcome
These and other developments will have a positive impact on the RES broader and faster deployment in the country, contributing to the global cause - greenhouse effect minimisation.