Green Technology Hub (GTH), a subsidiary of AIFC Green Finance Centre (GFC), is strengthening its organizational competencies for the implementation of green projects.
Under the auspices of the AIFC Green Finance Centre (GFC), a meeting was held with representatives of the Association of Renewable Energy of Kazakhstan and BI-Industrial LLP (BI Construction and Engineering) regarding the joint implementation of projects for the relocation of foreign high-tech business to the territory of the Republic of Kazakhstan, the construction of renewable energy facilities, the creation of green technology clusters. The participants of the meeting created a working group that will plan projects for joint implementation.
This cooperation will allow GTH to strengthen its strategic activities to support green and socially significant projects and industrial companies to achieve carbon neutrality.
Reference:
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus.
www.aifc.kz
The AIFC Green Finance Centre is a subsidiary organisation of the AIFC Authority and the Eurasian Development Bank, aimed at introduction and development of sustainable finance instruments and attracting of investments in environmental and social projects in Kazakhstan and Central Asia.
The AIFC Green Finance Centre supported the very first issuance of green bonds and first verified green loan in Kazakhstan. Also, the Centre introduced definitions of green finance and green taxonomy (a classifier of economic activities and projects that meet technical selection criteria) in the national environmental legislation. The new legislation provides incentives for entrepreneurs who use green finance instruments.
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