The meme for carbon markets in 2013 is the increased utilisation of domestic emissions trading as a primary policy tool across a broad spectrum of UNFCCC Parties. Previous issues of the CCLR have addressed developments in China, South Korea, Japan and other jurisdictions.1 In this issue of “In the Market”, we will briefly review how Kazakhstan is implementing its emissions trading scheme and the implications of this scheme for the wider region. This article is based on a Workshop sponsored by the European Bank of Reconstruction and Development held in Astana on 20 June 2013, at which both the authors were present.