1. Subsidising game breeding to save animal species and develop hunting concessions
The aim of the finance solution is to conservation of the natural population of wildlife, through introduced government subsidies for game breeding. The end of result of the finance solution is to preserve wildlife resources and develop the market for sustainable hunting by releasing some animals in the wild while using some animals for hunting, sale and placing on the market (horns, meat, skin, etc.).
2. Tax incentives for ecotourism development
Ecotourism development in Kazakhstan would support economic development, increase financing of Protected Areas and expand opportunities for local livelihoods for men and women. The aim of the finance solution is to increase investment in ecotourism infrastructure and services through enhanced government incentives.
3. trenghtening PA management planning for improved financing
The aim of this solution is to ensure that the 27 protected areas have high-quality budgeted management plans capable of securing adequate government funding for their successful management.
4. Introduction of biodiversity offsets as a formal instrument in Kazakhstan
The purpose of the financial solution is to introduce a new effective mechanism for the conservation of biodiversity during the industrial projects implementation on the example of the Kansu project. Kazakhstan is an industrial country, industrial development of the territory will continue and the introduction of a financial solution will allow avoiding similar problems in the future.
5. Establishing an internal Emission Trading System (ETS) to integrate the mechanisms into the national legal framework
Carbon offsets support low-carbon green development and provide a flexible mechanism for reducing carbon in the atmosphere. The planned re-establishment of the Kazakhstan Emissions Trading System (ETS) creates an opportunity to include biodiversity friendly carbon offsets as an official option for the ETS. The solution aims to develop and promote an accepted carbon offset standard in the Agriculture, Forestry and Other Land Use (AFOLU) sector for Kazakhstan (and regionally) that includes an effective monitoring and evaluation and verification system. Establishing such a system will offer lower cost options to offset emissions and increase financing for biodiversity friendly AFOLU projects.
6. Creating an enabling environment for attracting carbon offsets from the international market, multinational enterprises operating in the country
Most of the forests of Kazakhstan (more than 11 million hectares), including rare, endangered, global important species, remain outside the protected areas. This negatively affects the conservation of forest biodiversity. The forests are in state ownership, financed from the state budget, however there is a financing gap of more then 35%. The finance solution is aimed at additional attraction of foreign investments for the conservation of forest biodiversity through carbon projects. Investors' financial resources will be directly channeled to the goals of forest biodiversity conservation, increasing forest area and improving forest management system.