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Kazakhstan: plans to double the share of renewable energy power generation by 2023
October 14, 2021
According to the news released on the official website of the Prime Minister of Kazakhstan on October 9, Prime Minister Ma Ming of Kazakhstan hosted a video conference of the Council for the Improvement of Investment Environment on the same day to study the development of renewable energy and the transition to a "low-carbon economy". Representatives of the United States Chamber of Commerce in Kazakhstan, the Eurasian Department of the OECD Global Relations Secretariat, the ambassadors of the United Kingdom, the European Union, the Netherlands and other countries to Kazakhstan, and General Electric (GE), Total Energies, Orano (formerly Areva) , Eurasia Group (Eurasia Group) and other large companies attended the meeting. The meeting discussed the development of a "low-carbon economy", addressing climate change, adopting the best available technologies, attracting investment in renewable energy, and developing precision agriculture and other "green economy" issues.

Ma Ming pointed out that Kazakhstan will step up its efforts to fulfill its obligations in response to global climate change, and is committed to improving economic stability and low carbon. In order to implement the "Paris Agreement", the Kazakh government has set a goal of reducing greenhouse gas emissions by 15% by 2030. In order to achieve this goal, Kazakhstan proposed a new National Determining Contribution (NDC) target and formulated the "Roadmap 2022-2025" accordingly. In order to achieve the goal of achieving "carbon neutrality" by 2060 proposed by President Tokayev at the United Nations Climate Ambition Summit in December 2022, the Kazakh government is taking concrete measures, including the formulation of the "carbon neutrality" target by 2060. Policy Statement" and will be released at the United Nations Climate Change Conference in Glasgow in November this year. The "Policy Statement" contains measures to improve economic energy efficiency, achieve electrification and large-scale use of renewable energy. The Kazakh government plans to double the proportion of renewable energy power generation by 2023 to 6%, which is much earlier than the previously planned achievement of this goal in 2025.

Ma Ming emphasized that the Kazakh government has taken a series of constructive measures to improve the investment environment, attract foreign capital and advanced technology, and promote the development of the alternative energy industry. In 2020, a total of 600 MW of renewable energy projects with a total installed capacity of 600 MW have been put into operation, with a total investment of more than US$510 million. In the next four years, more than 60 new renewable energy projects are planned to be put into operation, with a total installed capacity of 2,400 MW and a total investment of more than 2.5 billion US dollars. Up to now, Kazakhstan has 124 renewable energy projects with a total installed capacity of 1922 MW, including 31 wind power plants, 48 photovoltaic power plants, 40 hydropower plants and 5 biomass power plants.
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