Bringing Kazakhstan Closer to Decarbonization: The World Bank’s Commitment
In a recent interview with Trend, Andrei Mikhnev, World Bank Country Manager for Kazakhstan and Turkmenistan, revealed the WBG’s determination to support Kazakhstan’s decarbonization agenda. Through initiatives such as the Partnership for Market Implementation (PMI) grant agreement, aimed at enhancing Kazakhstan’s Emissions Trading Scheme, the WBG is actively promoting carbon pricing mechanisms and investing in energy sector advancements, transmission infrastructure, green energy generation, and regional energy trade.
The WBG’s focus on renewable energy in Kazakhstan includes the development of sectoral roadmaps aligned with the country’s Low Emissions Development Strategy, as well as efforts to improve energy efficiency in municipal buildings. The ongoing technical assistance programs encompass energy efficiency enhancements, small-scale solar projects, and the integration of renewable energy for grid stability.
As of 2023, Kazakhstan’s renewable energy installations have generated significant electricity, accounting for nearly 6% of total electrical energy production. With various renewable energy facilities already operational and more projects expected to be commissioned by 2027, Kazakhstan is on track to enhance its sustainable energy portfolio under the guidance of the World Bank.
[ad_2]
Source link
