Kazakhstan to establish environmental fund
An Environmental Fund is planned to established in Kazakhstan.
Representative of the Kazakhstan Petroleum Lawyers Association (KPLA) Valikhan Shaikenov said that the Environmental Fund will be aimed at the real protection of the environment of the country.
Speaking at the International Environmental Forum in Astana, Shaikenov said a proper distribution of the funds that come into the state budget from environmental fines can solve the problem of the financial filling of the future Environmental Fund.
According to him, the budget of the country received more than 29.3 billion tenge in 2012.
"This amount has been recovered with respect of damage caused by the violation of the environment legislation. At least 25 of the 29 billion falls to Atyrau province," Shaikenov said.
Shaikenov went on to say that there are several ways to create the Environmental Fund.
"The first option without establishing a legal entity in the form of financial assets collected on the account of the Government, or in the form of a state fund, a state institution or a non-profit joint-stock company," Shaikenov said.
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