The Law of the Republic of Kazakhstan No. 505-IV of December 3, 2011 "On amendments and changes to some legislative acts of the Republic of Kazakhstan on environmental issues" Chapter 9-1 "State regulation in the area of greenhouse gas emissions and removals" of the Environmental Code was supplemented by articles 94-1 to 94-12 which introduced the main provisions of state regulation in the sphere of greenhouse gas emissions and removals, including: (1) GHG allowance allocation to plant operators; (2) establishing market mechanisms for GHG reduction and removals; (3) administration of plant operators. These articles established the legal framework for the emissions trading scheme. The main article defining the concept of a market mechanism for reducing greenhouse gas emissions and removals is the Article 94-7. According to it, the market mechanism for reducing greenhouse gas emissions and removals includes: (1) emission trading; (2) trading of adsorbing units of greenhouse gas, certified emission reductions, emission reduction, domestic emission reductions; (3) international trade of assigned amount units between countries with restrictions and/or reduce emissions of greenhouse gases and their legal entities. The subjects of the greenhouse gas emissions market are legal entities, participating in the project-based mechanisms in the regulation of emission and adsorbing of greenhouse gases, as well as the Exchange trade in accordance with the legislation of the Republic of Kazakhstan. A carbon unit is a merchandise. The sale of adsorbing units of greenhouse gases emission, certified emission reductions, emission reductions, allowances, domestic emission reductions in the secondary circulation is carried out on the organized commodity markets (stock exchanges), determined in accordance with the Laws of the Republic of Kazakhstan. It should be noted that this mechanism in the current version is effective from January 1, 2018 (ref. The Environmental Code, Article 94-7).