ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of December 31, 2021 No. 996

About approval of classification (taxonomy) of the "green" projects which are subject to financing through "green" bonds and the "green" credits

According to Item 3 of article 130 of the Ecological code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed classification (taxonomy) of the "green" projects which are subject to financing through "green" bonds and the "green" credits.

2. This resolution becomes effective after ten calendar days after day of its first official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of December 31, 2021 No. 996

Classification (taxonomy) of the "green" projects which are subject to financing through "green" bonds and the "green" credits

Chapter 1. General provisions

1. This classification (taxonomy) of the "green" projects which are subject to financing through "green" bonds and the "green" credits (further – taxonomy), is developed according to Item 3 of article 130 of the Ecological code of the Republic of Kazakhstan (further – the Code) and represents classification system of categories of the "green" projects which are subject to financing through "green" bonds and the "green" credits (including quantitative and high-quality threshold values) and the existing natural resources directed to increase in efficiency of use, decrease in level of negative impact on the environment, increase in energy efficiency, energy saving, mitigation of the consequences of climate change and the adaptation to climate change given in appendix to this taxonomy.

2. The taxonomy includes the following Sections:

1) level 1, providing the main categories of taxonomy;

2) level 2, providing sectors of "green" projects within the main categories;

3) level 3, providing splits of "green" projects within sectors;

4) code of the general qualifier of types of economic activity (further – OKED): the type of economic activity declared by legal entities, branches and representations (business entities) in case of registration;

5) examples of the projects and technologies falling under category of taxonomy;

6) threshold value (threshold criterion, threshold) – extreme values of quantitative and high-quality criteria of types of economic activity, assets and projects which achievement is necessary for qualification of projects as "green". The threshold criterion can be expressed in the requirement of certification/marking (confirmation of conformity to requirements of the standards specified in taxonomy or availability of markings concerning separate splits).

3. The taxonomy includes the following categories:

1) renewable energy (wind, solar, geothermal, gidro-, bioenergy, supply chain and auxiliary infrastructure for renewable energy resources, hydrogen production);

2) energy efficiency (increase in energy efficiency on the existing and industrial facilities under construction and in the agro-industrial sector, increase in energy efficiency in the budget and municipal sectors, energy efficient buildings, structures and constructions);

3) "green" buildings ("green" buildings, the accompanying systems and construction materials, "green" infrastructure);

4) prevention and control of pollution (quality of air, soil);

5) steady use of water, waste (steady use of water and water conservation, waste and sewage, preserving and recovery of resources);

6) steady agricultural industry, land use, forestry, preserving biodiversity and ecological tourism (steady agricultural industry, steady management of the woods and preserving biodiversity and ecosystems, steady tourism);

7) net transport (low-carbon vehicles, low-carbon cargo transportation, net transport infrastructure, clean transport information and communication technologies);

8) transitional power (production of electricity from gaseous fossil fuel, fuel replacement, equipment manufacturing for nuclear power, construction and operation of nuclear power plants is also warm).

4. Codes according to OKED are given for the purpose of simplification of use of taxonomy by producers of goods, works and services and the organizations which activities provide accounting of classification of economic activity, including for the purpose of voluntary disclosure by the companies of information on share of the turnover corresponding to taxonomy from economic activity. At the same time the given OKED codes are not independent criterion of reference of projects to category of "green" projects.

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