KASE hosted "Ring the Bell for Climate 2024"

On November 26, KASE held the opening "Ring the Bell for Climate 2024" ceremony as a part of the global initiative by the World Federation of Exchanges. The event brought together local and foreign experts, representing diverse sectors such as finance, environmental organizations, government bodies, and international institutions. This ceremony served as a pivotal platform for addressing critical topics on the climate agenda, environmental sustainability, and KASE's role in advancing the carbon market.

KASE CEO, Alina Aldambergen, underlined the Exchange's dedication to addressing climate issues, noting its recent joining to the Net Zero Financial Services Providers Alliance (NZFSPA), which aligns with the goals of the Paris Agreement. She emphasized that KASE actively contributes to the reduction of carbon emissions by developing the market for "green" financial instruments and supporting issuers focused on sustainable development. Currently, KASE lists 21 ESG bond issues for a total issue volume of 582 billion tenge.

Director of the Securities Market Department of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, Aidyn Dauletbaq, emphasized the importance of KASE's role in the development of green financing in Kazakhstan, noting that KASE accounts for 96% of the volume of ESG bond placements.

Ilya Wulf, EY Sustainability and Climate Change Practice Manager in Central Asia, Caucasus and Ukraine, spoke in his presentation about Kazakhstan's Emissions Trading System (KazETS), which is the first emissions market mechanism in Central Asia and an important tool for achieving the country's greenhouse gas reduction goals. He also noted international experience, emphasizing the need for prompt adaptation and modernization of carbon legislation to market conditions as a key recommendation for Kazakhstan.