On November 14, 2024, an important side event dedicated to the creation of a Carbon Fund and the digital transformation of carbon markets was held in the pavilion of Kazakhstan at the UN Climate Change Conference (COP29). The event brought together leading experts and government figures, representatives of international organizations, who discussed key initiatives of Kazakhstan in the field of sustainable development and combating climate change. The event was organized by the NAO "International Center for Green Technologies and Investment Projects".
In his opening remarks, Minister of Ecology and Natural Resources of the Republic of Kazakhstan Yerlan Nysanbayev stressed the importance of collective efforts to achieve the goals of the Paris Agreement and the need to create a Carbon Fund as the main operator for consolidating all environmental payments. In his speech, Didar Karimsakov, Chairman of the Board of the ICTIP, also noted that the fund will become an important tool for financing sustainable projects and attracting investments in green technologies.
In addition, leading experts in the field of sustainable development spoke at the event, including:
• Sameh Wahba, Regional Director for Sustainable Development in Europe and Central Asia, World Bank.
• Jan-Willem van de Ven, Head of the International Climate Policy and Engagement Department, EBRD.
• Viktor Kovalenko, Partner at EY, Head of Sustainable Development Practice in the Caucasus and Central Asia, Ernst & Young.
The event was also attended by representatives of the Kazakhstan Stock Exchange (KASE), DeepRock Group and Khan Tengri Capital.
The event was moderated by Vomik Nur Shah, Global Head of Business Organization and Customer Service at UK Export Finance, who provided an exciting and productive discussion.
Each presentation focused on the importance of carbon markets and the opportunities they offer for the modernization of the energy and industrial sectors. Special attention was paid to digital technologies as a critical element of the efficient operation of carbon markets. The experts discussed successful initiatives aimed at overcoming barriers to the introduction of digital solutions and the creation of public-private partnerships to stimulate digital transformation.
Important agreements aimed at the development of carbon and green technologies were also signed at the event:
Memorandum of Cooperation between the ICTIP and DeepRock Group (China). For information, DeepRock is a subsidiary of Vanke Group (China)-the leader of the construction business with a turnover of more than $ 40 billion per year.
The Memorandum of Understanding between the ICTIP and TACT Invest Group (Germany). For information, TACT Invest specializes in supporting Green Tech projects, startups and venture programs.
A $150 million investment agreement between Imani Capital Investment & Advisory LLP and Apex Green Fund. For information, the ICTIP, together with Apex Fund, created this fund on the AIFC platform to attract green financing. The amount of the declared capital of this joint fund is 500 million US dollars.
Also, agreements were reached with Planetary Carbon Standard regarding expert support of projects in the field of verification of carbon credits, green energy, carbon footprints, monitoring of forest plantations. For information, Planetary Carbon Standard is headquartered in London. As part of its activities, it has generated 8.6 million carbon credits.
In conclusion, the participants came to the conclusion that further cooperation between the state, business and the scientific community is necessary to achieve sustainable development of Kazakhstan and combat climate challenges. The side event has become an important platform for the exchange of experience and the formation of strategies that contribute to deepening cooperation in the international arena.

Source : https://www.gov.kz/memleket/entities/ecogeo/press/news/details/883927