The Yereymentau Wind Farm in Kazakhstan, a long-standing partner of the European Bank for Reconstruction and Development, EBRD, has been registered as a domestic carbon credit project under the country's emissions trading system (ETS).
Once up and running, the EBRD-sponsored project will be able to monetise emission reductions by selling carbon credits to operators under the Kazakhstani Emissions Trading Scheme for compliance purposes.
Established in 2013 as a pilot programme, Kazakhstan's ETS aimed to establish a national market mechanism for reducing greenhouse gas (GHG) emissions. The same year the Kazakh parliament passed a renewable energy law, introducing feed-in-tariffs for electricity produced by renewable energy sources.
The EBRD subsequently agreed to finance the first large-scale renewable energy project in the country in 2014, the 50 MW wind power plant in Yereymentau, central Kazakhstan.
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