Milestones
Inaugural Dialogue on Scaling Up Climate Action in Eurasia: Carbon Farming and Trading
October 3rd, 2024
Key Participants
Ministry of Trade and Integration of the Republic of Kazahkstan, Ministry of Agriculture of the Republic of Kazakhstan, Astana International Financial Centre (AIFC), BRICS Competition Law and Policy Centre, International Institute for Applied Systems Analysis (IIASA), the TALAP Center for Applied Research, international and national experts and stakeholders.
Key Discussions on how to:
- use carbon sequestration and carbon farming to reduce CO2 emissions, improve soil health, and promote sustainable agriculture in Kazakhstan and Eurasia.
- unlock the potential for farmers to earn new income streams through carbon credits, and the integration of carbon farming into the Kazakhstan Emissions Trading System (KAZ ETS).
- apply satellite and drone technologies to improve farming efficiency and soil carbon sequestration, with specific case studies from Russia, Pakistan, and China.
- integrate Kazakhstan into global carbon markets, allowing for international trading of carbon credits generated from carbon farming.
- establish transparency of verification processes for carbon credits, and the cost of monitoring, reporting, and verification (MRV) systems.
- support co-benefits of sustainable agriculture like improving rural livelihoods, promoting biodiversity, and creating new employment opportunities, while addressing issues like rural-urban migration and food security.
- secure financial incentives, policy frameworks, and capacity building among farmers to facilitate the adoption of carbon farming practices.
