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ORDER OF THE MINISTER OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN

of February 12, 2015 No. 76

About approval of Rules of realization of project mechanisms in the sphere of regulation of emissions and absorption of greenhouse gases

(In edition of the Order of the deputy. The Minister of Energy of the Republic of Kazakhstan of 17.11.2016 No. 496)

According to the subitem 29) article 17 of the Ecological code of the Republic of Kazakhstan of January 9, 2007, PRIKAZYVAYU:

1. Approve the enclosed Rules of realization of project mechanisms in the sphere of regulation of emissions and absorption of greenhouse gases.

2. To provide to department on climate change of the Department of Energy of the Republic of Kazakhstan:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction on official publication of this order within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan in periodic printing editions and in information system of law of Ad_let;

3) placement of this order on Internet resource of the Department of Energy of the Republic of Kazakhstan and on the intranet portal of state bodies;

4) within ten working days after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan submission to Department of legal service of the Department of Energy of the Republic of Kazakhstan of data on execution of the actions provided by subitems 2) and 3) of this Item.

3. To impose control of execution of this order on the supervising vice-Minister of Energy of the Republic of Kazakhstan.

4. This order becomes effective after ten calendar days after day of its first official publication.

Minister

B. School student

Approved by the Order of the Minister of Energy of the Republic of Kazakhstan of February 12, 2015 No. 76

Rules of realization of project mechanisms in the sphere of regulation of emissions and absorption of greenhouse gases

1. General provisions

1. These rules of realization of project mechanisms in the sphere of regulation of emissions and absorption of greenhouse gases (further - Rules) are developed according to the subitem 29) of article 17 of the Ecological Code of the Republic of Kazakhstan (further - the Code) and determine procedure for realization of project mechanisms in the sphere of regulation of emissions and absorption of greenhouse gases.

2. In these rules the following concepts are used:

1) the basic scenario – the scenario reflecting the level of emissions of greenhouse gases or level of absorption of greenhouse gases in case of lack of the offered internal project in comparison with which the reached amount of emission reduction and (or) absorption of greenhouse gases is estimated;

2) the project period – the term during which release of project carbon units on the basis of periodic confirmation and approval of project deliverables is made or can be made;

3) project carbon units - units of internal emission reduction, emission reduction unit, unit of certified emission reduction;

4) the project mechanism - consecutive process of development and the projects implementation directed to emission reduction and (or) increase in absorption of greenhouse gases according to the procedure and criteria established by the Kyoto protocol to the Framework convention of the United Nations on climate change and (or) the ecological legislation of the Republic of Kazakhstan;

5) basic level of absorption of greenhouse gases - the size of the absorption of greenhouse gases for certain period under existing conditions operation without project implementation directed to increase in absorption of greenhouse gases expressed in carbon dioxide equivalent tons;

6) increase in absorption of greenhouse gases - settlement increase in absorption of greenhouse gases in relation to the basic scenario;

7) emission reduction of greenhouse gases - settlement decrease in emissions of greenhouse gases in relation to the basic scenario;

8) basic level of emissions of greenhouse gases - the size of emissions of the greenhouse gases made by subject to emissions of these gases for certain period on condition of use of the technologies existing on this object, the equipment and under other most probable conditions which can take place without project implementation directed to emission reduction of greenhouse gases expressed in carbon dioxide equivalent tons;

9) track of I - method of implementation of projects on the mechanism of joint implementation which allows the country on condition of compliance to the requirements established by the Kyoto protocol to the Framework convention of the United Nations on climate change (further - the Kyoto protocol), to verify these projects and to introduce the corresponding quantity of emission reduction units into circulation;

10) track of II - method of implementation of projects on the mechanism of joint implementation within which these projects undergo the procedure of verification under the supervision of the authorized international body;

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