On October 21, 2021, the AIFC Green Finance Centre held a webinar on “New Environmental Code of the Republic of Kazakhstan: priority principles of state environmental policy; new requirements in environmental legislation” in cooperation with Haller Lomax law firm.
Arman Bigazin, Partner at Haller Lomax law firm, was a speaker at the webinar. Arman actively advises the government in the development of Kazakhstan legislation. Moreover, he was a member of the working group and participated in the development of the new Environmental Code.
At the webinar, Arman dwelled on the preconditions for the development of a new Environmental Code of the Republic of Kazakhstan, the principles of state environmental policy, as well as conducted a comparative analysis of the provisions and spoke about the main developments in the legislation.
During his presentation, Arman spoke in detail about new approaches to environmental impact assessment, environmental permits, environmental damages and liability for such damages.
The webinar recording is available here. (Access code: ^#2gPTWU)
The AIFC Green Finance Centre is highly interested in organising webinars for the public and will continue its work to raise awareness in the field of green finance.
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The Astana International Financial Centre (AIFC) was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Management council of the AIFC during the council’s meeting on July 2, 2020 approved the Centre’s development strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.
The mission of the AIFC is in assisting the sustainable and long-term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” For more information about the AIFC, follow the link www.aifc.kz
The AIFC Green Finance Centre is an AIFC Organisation created to enable the development of green finance in Kazakhstan and Central Asia. The main goal is to bring investments to sustainable economy through trending financial instruments, such as green and social bonds. In addition to that, the AIFC Green Finance Centre, being a regional think-tank, provides strategic and business consulting in green finance and sustainable development to Governments, quasi-state organisations and entrepreneurs. The Centre provides initial assistance to potential issuers, investors and market players on preparations for the issuance of green bonds on the AIFC Exchange (Astana International Exchange).
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