Hoping to become a regional renewable energy leader in Central Asia, Kazakhstan and the European Bank for Reconstruction and Development (EBRD) have signed an accord to develop a long-term cooperation strategy to achieve carbon neutrality of the country’s power sector by 2060. Kazakhstan’s Energy Minister Nurlan Nogayev and EBRD President Odile Renaud-Basso signed the roadmap for the decarbonisation strategy on March 31.


The EBRD and Kazakhstan will cooperate, among other things, on the development of renewable energy and the carbon market, the enhancement of the electrical grid and the decommissioning of old thermal capacity, the Bank said, adding that the EBRD is committed to financing renewable energy projects implemented through an auction mechanism in order to promote competitive pricing and to stimulate investment in renewable energy.



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