Briefly
On 20 April 2022 Kazakhstan Mazhilis is considering a draft Law on ratification of the Agreement on the Establishment of the Global Green Grow th Institute (the “Agreement”).
In detail
- The Agreement stipulates for establishment of an international organization Global Green Grow th Institute (“GGGI”), the main activities of w hich include:
- support transition-economy countries and developing countries in building their capacity to develop and implement green grow th plans at the national, regional or local level.
- conducting research to promote the theory and practice of green grow th, draw ing in particular on the experience of governments and industries.
- promoting public-private cooperation in order to create favorable conditions for investment, innovation, production and consumption w ith efficient use of resources, as w ell as the dissemination of best practices.
- spreading evidence-based know ledge and raising public aw areness about green grow th and sustainable development.
- Upon ratification of the Agreement, Kazakhstan w ould become a full member of GGGI w ith the right to vote at the sessions of the Assembly (the supreme body of GGGI), and also acquire the right to be elected as a member of the Council, the executive body of GGGI.
- Kazakhstan's accession to the Agreement will strengthen cooperation in the field of global green grow th with the countries which are members of GGGI.
Are you interested in this topic?
We w ould be pleased to discuss with you the above amendments and how they can impact your business.
If you are interested in additional information, please contact PwC specialists working as part of a group serving your company, or to any of the persons listed.
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