| Financier | Commitments |
|---|---|
| Partnership for Market Implementation Facility | 4.80 |
Kazakhstan Partnership for Market Implementation
Development Objective
To strengthen the effectiveness of Emission Trading Scheme and support carbon pricing expansion to contribute to Kazakhstan's updated 2030 Nationally Determined Contribution targets and 2060 carbon neutrality goals.
Key Details
Project Details
P177785
Active
Kirtan Sahoo , Manuel Berlengiero
The Republic of Kazakhstan
December 3, 2021
(as of board presentation)
August 19, 2022
July 16, 2024
US$ 5.00 million
Ministry of Ecology and Natural Resources,Zhasyl Damu JSC under Ministry of Ecology and Natural Resources
2023
US$ 4.80 million
N/A
April 16, 2024
December 31, 2026
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 4.80 |
| Total Project Cost** | 5.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Carbon pricing expanded Value No carbon tax and ETS covers its existing sectors, ETS expanded to cover one more sector, or more emi Date September 30, 2022 December 31, 2026 Comment Reduction in GHG emission allowance cap in the ETS (reduction compared to the 2021 National Allocation Plan) (percentage) Value 0.00 0.00 7.00 Date September 30, 2022 December 31, 2026 Comment Procedures for validation and verification of GHG emissions digitalized and complies with international requirements and experience(i.e., Transparency Framework of the Paris Agreement) Value No Yes Date September 30, 2022 December 31, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Allowance auction is introduced in ETS Value No Yes Date September 30, 2022 December 31, 2026 Comment Accounts opened to register carbon offset projects in the carbon registry Value 0.00 0.00 15.00 Date September 30, 2022 December 31, 2026 Comment Benchmark values updated to reflect technological progress in different sectors in line with international environmental standards Value Existing benchmarks Benchmarks updated Date September 30, 2022 December 31, 2026 Comment