Astana International Financial Centre organized the panel session on “Green Financing and Investment” within the framework of the Astana Economic Forum.
Starting the event, Kairat Kelimbetov, Governor of the AIFC and Peter Burian, EU Special Representative for Central Asia delivered their welcoming speech to the participants.
Marcel Alers, UNDP’s global team leader on energy; Iain Henderson, Head of International cooperation, UNEP Inquiry, Simon Buckle, Head of Climate Change, Biodiversity and Water Division of the Environment Directorate, OECD, Alessandro Farruggia, Italian ecology journalist, Aida Sitdikova, Director, Head of Energy, Russia, Caucasus & Central Asia took part as the speakers in the panel.
Aidar Kazybayev, Managing Director of the AIFC Authority represented the AIFC during the session "Green Financing and Investments". Aidar Kazybayev is the main coordinator of the Green Financial System of Kazakhstan in the framework of the AIFC.
Catullus Helmer, Co-Founder and Partner, Enovid LLP, Team leader of the Green Financial System for Kazakhstan project moderated the session.
Issues such as the impact of the Paris Climate Agreement and the Marrakech Declaration on Sustainable Development, greening the capital market - why is it important and why is it happening, responsible investments as a part of social stability, green financial instruments: green loans and green insurance as perspective development tools for Kazakhstan’s financial system, emissions trading system as climate change mitigation tool, AIFC – National Champion for the development of green finance were discussed during the session.
Kairat Kelimbetov noted that the AIFC and the European Bank for Reconstruction and Development (EBRD) are developing the concept of the "green" financial system of Kazakhstan, which will be presented at the international exhibition EXPO in Astana.
Aidar Kazybayev said that the Concept of Green Financial System for Kazakhstan includes development of financing instruments, such as green bonds, green credits, Emission trading scheme at the AIFC exchange.
Green finance is one of the key pillars of the AIFC’s activity.
The AIFC will become a platform for responsible investments and will promote the development of investment into green projects in Kazakhstan.
AIFC. In December 2015 President of the Republic of Kazakhstan Nursultan Nazarbayev signed the Constitutional law “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to form a leading international centre of financial services. For the first time in the post-Soviet region, Common law framework will be introduced in the AIFC. English shall be the official language of the AIFC.
The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in the financial services, to develop local capital markets, ensuring their integration with the international capital markets, and to develop markets for insurance and banking services and for Islamic financing in the Republic of Kazakhstan.