Environmental Fund to be created in Kazakhstan

Kazakhstan, Astana, May 30 / Trend D.Mukhtarov /

An Environmental Fund will be created in the Republic of Kazakhstan, a representative of the Kazakhstan Petroleum Lawyers Association (KPLA) Valikhan Shaikenov said on Thursday.

"It is planned to establish an Environmental Fund in Kazakhstan aimed at the real protection of the environment of our country. Specifically, a target application of funds is necessary for the restoration of an already polluted environment," Shaikenov said speaking at the International Environmental Forum in Astana.

According to him, proper distribution of the funds that come into the state budget from environmental fines can solve the problem of the financial filling of the future Environmental Fund.

According to him, in 2012, the budget of the country received more than 29.3 billion tenge.

"This amount has been recovered with respect of damage caused by the violation of the environment legislation. At least 25 of the 29 billion falls to Atyrau province," Shaikenov said.

According to him, there is no clear information on whether or not the money went to the recovery of the already polluted environment.

According to Shaikenov, there are several ways to create the Environmental Fund.

"The first option without establishing a legal entity in the form of financial assets collected on the account of the Government, or in the form of a state fund, a state institution or a non-profit joint-stock company," Shaikenov said..

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