Milestones
Presentation on Carbon Farming in Kazakhstan at the 28th United Nations Climate Change Conference, or Conference of the Parties (UNFCCC, @COP28)
December 12th, 2023
Key Participants
Ministry of Ecology and Natural Resources of the Republic of Kazahkstan, BRICS Competition Law and Policy Centre, International Institute for Applied Systems Analysis (IIASA), international and national experts and stakeholders.
Key Discussions
- Presentation of the report „Unlocking an Opportunity: Implementing Carbon Farming in Kazakhstan“, which detailed how Kazakhstan’s croplands could sequester up to 35 million tons of CO2 annually. The report also addressed challenges and opportunities for scaling carbon farming and integrating it into global carbon markets.
- Discussions focused on Kazakhstan’s opportunity to increase carbon prices and trade carbon removal credits, generating new revenues for farmers and enhancing Kazakhstan's position in international markets.
- Experts underlined the alignment with UN Sustainable Development Goals (SDGs) that carbon farming could deliver, particularly in support of women and youth from rural areas.
- It was discussed how carbon farming can improve soil fertility and water retention, addressing key issues of water scarcity and food security in Kazakhstan.
- The event stressed the overall importance of governance frameworks for carbon trading, along with sustainable financing mechanisms like land bonds and concessional loans to support large-scale carbon farming initiatives.
