KAZAKHSTAN’S CARBON TAX: ECONOMIC FOUNDATIONS AND EUROPEAN CARBON BORDER ADJUSTMENT MECHANISM IMPACT
Journal Title: Journal of Economic Research & Business Administration - Year 2023, Vol 146, Issue 4
Abstract
The decarbonization of the global economy poses a threat to Kazakhstan’s sustainable growth. Particularly vulnerable are Kazakhstan’s export-oriented industries, especially in anticipation of the European Union’s implementation of the Carbon Border Adjustment Mechanism (CBAM). To mitigate these risks, it is imperative to intensify efforts in implementing environmental taxation in Kazakhstan through the establishment of a carbon price. The research paper aims to comprehensively examine the necessity and feasibility of introducing a carbon tax in Kazakhstan, with a specific focus on its response to the CBAM. The study employs a mixed-methods approach, including a literature review and a comparative analysis of global carbon taxation, to fulfill its research objectives. Through this investigation, we aim to shed light on the potential impacts of such a policy intervention and contribute to a deeper understanding of its implications for Kazakhstan’s economy. Key findings underscore a compelling rationale for the introduction of a carbon tax in Kazakhstan, emphasizing the imminent influence of the CBAM on the country’s economy. Furthermore, the study highlights the alignment of carbon taxation with sustainable economic development, emphasizing its crucial role in fostering environmental responsibility.
Authors and Affiliations
G. Issayeva, I. Ihnatov, E. Zhussipova , G. Pazilov
Keywords
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- EP ID EP729455
- DOI 10.26577/BE.2023.V146.I4.05
- Views 42
- Downloads 0
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