Chairperson
Michael McNicholas
General Counsel, Visor Group / Visor Kazakhstan
Committees
Decarbonization
The Decarbonization Committee unites companies dedicated to supporting Kazakhstan’s transition to a low-carbon economy. It provides a platform for dialogue on carbon regulation, ESG standards, renewable energy, and sustainable investment. By engaging with government and industry partners, the Committee promotes practical, business-driven solutions that align with national climate goals and global sustainability commitments.
Working Groups/Issues
| Emissions Trading System (ETS) | Limited cross-ministry coordination, short planning horizons, and low carbon prices hinder effective implementation. The upcoming 2026–2030 allocation period requires clearer rules, stronger incentives, and development of offset and liquidity mechanisms to support meaningful emissions reduction and investment. |
| ESG Disclosures | With IFC support, regulators have introduced voluntary ESG disclosure and environmental & social risk management guidelines, expected to become mandatory by 2027. However, a clear methodology for Scope 1–3 emissions accounting remains undeveloped due to limited capacity and data availability. |
| Supply-Chain Compliance & SME Readiness | There is a need to raise awareness and build capacity among suppliers/SMEs to meet decarbonization/ESG requirements pushed by lenders and large buyers. |
| Methane Regulations | Kazakhstan’s methane regulation framework is rapidly developing, supported by engagement with the International Methane Hub and the use of satellite-based monitoring. Clear implementation mechanisms and industry coordination are needed to ensure effective emission tracking and reduction. |
| Renewables Regulation | Kazakhstan’s renewable energy system is expanding but faces challenges with grid integration, tariff stability, and auction transparency. |
Frequency of Meetings
- Committee Meetings – on a quarterly basis
- Working Group Meetings – by request, depending on the needs of members.
