Law On The Transition To A Green Economy Presented In Kazakhstan

On 1 July 2016, the Law of the Republic of Kazakhstan On Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on the transition of the Republic of Kazakhstan to a "green economy" (hereinafter - Green Economy Law) came into force. This law has been drafted as one of the measures within the framework of the concept of a green economy and is aimed at the efficient use of resources and waste treatment/recycling. The main areas of application of the Green Economy Law are waste, electric power industry and water resources.

Waste

The Law introduces a more precise regulation of removal and storage of waste, which, in particular, is expressed in the following: Adoption of mandatory national standards to market participants and market items is provided for; Disposal of solid waste without primary treatment is prohibited; The list of waste prohibited from storage on landfills is expanded; New requirements for newly constructed landfills are established. Separate collections of waste products (Akimats will be required to develop a waste collection system, providing for separate collections of waste products). Priority to public procurement of goods produced with the use of secondary raw materials obtained from waste products on the territory of the Republic of Kazakhstan. Electric power industry

Tariffs Annual indexation of approved fixed tariffs subject to changes in the exchange rate of the national currency against foreign currencies in the procedure established by the Government of the Republic of Kazakhstan. However, this procedure has not yet been approved. The costs of contingent consumer (producer of electricity from conventional sources) for purchase of electricity produced by facilities using renewable energy sources (RES) from the Financial Settlement Centre (FSC) are to be taken into account when determining the maximum tariff. A reserve fund of the FSC is introduced to cover cash deficiencies and debts of the FSC to RES organizations, which result from non-payment or delayed payment by contingent consumers for the electricity produced by RES organizations and supplied to them. The deadline for filing applications for concluding a sale and purchase agreement with the FSC is changed from "no later than thirty days prior to the supply of electric power" to 60 calendar days from the date of inclusion in the RES list.1 The agreement on connection of RES facilities to power grids between power transmission companies...