BAKU, Azerbaijan, Oct. 24
By Leman Zeynalova - Trend:
Kazakhstan has the best indicators in the development of renewable energy in Central Asia, the Director of EXXENERGY Roger Taylor said at the International Energy Charter Forum in Baku, Trend reports.
"The general business environment in Kazakhstan is well developed. Kazakhstan has the best regulatory indicators in the development of renewable energy in Central Asia," Taylor said.
The director noted that the 2013 Green Economy Concept created the conditions for the use of renewable energy in Kazakhstan.
"Support of banks plays a key role in the development of renewable energy sources. As a result of the tender for solar and wind energy, 36 projects were implemented in 2018. However, certain financial, technical and administrative problems remain. Investors must manage currency, quality and productivity risks. Financial institutions should encourage commercial banks to invest in this area," Taylor said.
The topic of the International Energy Charter Forum is “Enabling Energy Transformation through Technology and Policy Innovations”.
The four-session forum is dedicated to the development of renewable energy and technology, the use and regulation of renewable energy, the promotion of energy efficiency, the sharing of best practices and regional security experience.
The forum is attended by top ranking officials from 13 countries, including Azerbaijan, Turkey, Georgia, Austria, China, Greece, Albania, Croatia, Spain, Bangladesh, Bosnia and Herzegovina, Burundi and Yemen.
The event is also attended by representatives from 42 international organizations, local and foreign energy companies, public bodies, as well as diplomatic corps in Azerbaijan and about 200 experts and journalists.
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