Kazakhstan considering introducing carbon tax

Kazakhstan Materials 27 October 2021 17:20 (UTC +04:00)

BAKU, Azerbaijan, Oct. 25


Kazakhstan’s Ministry of Ecology, Geology and Natural Resources is considering the issue of a carbon tax introduction within the country, the minister Serikkali Brekeshev said, Trend reports citing Kazinform.

According to Brekeshev, the doctrine of achieving carbon neutrality provides for the transformation of various sectors of the economy, especially in the energy sector.

“By 2030, a gradual decrease in the share of coal generation from 69 percent to 40 percent and an increase in the share of gas to 25 percent, and the share of renewable energy sources - to 24 percent are envisaged,” he said during a press conference at the Central Communications Service.

At the same time, as the minister noted, the task is to neutralize a number of risks of the impact of the carbon tax to be introduced in 2023 by the EU.

“The introduction of the carbon tax from 2023 will still be at a zero rate, but from 2026, the EU plans to introduce a carbon tax. We assume that the carbon tax will amount to nearly 100 euro per ton of CO2. In order to reduce the vulnerability of our exporters (for ferrous and non-ferrous metallurgy, mineral, chemical fertilizers, cement) in European markets, we are working to consider the issue of introducing a carbon tax within the country. We are also considering the issue of paid allocation of quotas for greenhouse gas emissions,” added the minister.