Kazakhstan breaks record for investments in environmental protection

Business Materials 4 February 2019 13:49 (UTC +04:00)

Baku, Azerbaijan, Feb. 4

By Leman Zeynalova - Trend:

Kazakhstan has allocated investments worth 80.2 billion tenges in environmental protection as of 2018, Trend reports citing finprom.kz.

“The volume of investments made in Kazakhstan in environmental protection has increased by 2.5 times in 2018 year-on-year and stood at 80.2 billion tenges, which is the record figure in the history of investments in this sphere in Kazakhstan. Earlier, the peak amount of investments in this sphere was recorded in 2014 with 78.7 billion tenges,” reads the message.

This is while this figure stood at 32.5 billion tenges in 2017, showing an increase of 0.9 percent year-on-year.

Competitiveness of “green” technologies in Kazakhstan’s national economic is growing rapidly, says finprom.kz.

“The expected transformation as part of the “green economy” concept by 2050 will allow to increase GDP by additional 3 percent, to create more than 500,000 new jobs and form new spheres of industry,” reads the message.

Kazakhstan’s green economy concept policy, adopted in 2013, aims to diversify the economy through careful use of natural resources.

Kazakhstan plans to spend an average $3.2 billion a year along with investors to achieve its green goals by 2050 and cut carbon emissions by 40 percent in 2050 from 2012 levels.

Kazakh Ministry of Energy together with the Development Program (UNDP) launched a joint program tackling country's electronic waste problem. The project aims at helping to improve the efficiency of services for collection, transportation, use, and disposal of this type of waste. Also, in order to reduce carbon emissions, Kazakhstan and the UNDP implement a project named Sustainable Cities for Low Carbon Development. The program covers 15 cities of Kazakhstan.


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