The IGTIPC organized a three-day training “Green Bond Boot Camp” to familiarize the financial market with the process of issuing green bonds under the Green Taxonomy, which was carried out by the Climate Bonds Initiative (CBI), with the support of the British Embassy in Kazakhstan.
CBI – is a leading international, not for profit organization working in the field of mobilizing global bond market to address climate change, supporting the development of taxonomies in the world.
The training was attended by representatives of the IGTIPC, the Ministry ecology, geology and natural resources of the Republic of Kazakhstan, the Ministry of Finance of the Republic of Kazakhstan, AIFC Green Finance Centre Ltd., Subsidiary Bank Sberbank of Russia Joint Stock Company (Finance Association of the Republic of Kazakhstan) The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market and the “Baiterek” NMH” JSC.
The purpose of the GBBC program was to help in preparing key individuals whose organizations will interact in the green bond markets.
The training participants gained knowledge of the latest trends in financing green, low-carbon, climate-resilient assets, and infrastructure in countries such as China and the EU.
The GBBC program included the following topics:
- The sustainable finance and green bond basis (capital market overview, types of debt instruments such as bonds, sukuk, loans and etc)
- Market dynamics, information, and pricing (market evolution, the role of underwriters and pricing analysis)
- Labelling, reviews, and certification (advantages of labelling, green bond principles, frameworks, and certification under the Climate Bonds Standards)
- Taxonomies, definitions, and criteria (science-based approach, Taxonomies and of green definitions)