BAKU, Azerbaijan, Aug. 20
By Klavdiya Romakayeva - Trend:
President of Kazakhstan Kassym-Jomart Tokayev outlined the goal of achieving carbon neutrality by 2060, Trend reports with reference to Kazinform international news agency.
On behalf of the President, a concept for the low-carbon development of Kazakhstan until 2050 is being developed. The government is also working on the National Electricity Development Project; the country's energy balance is being prepared until 2035.
In addition to the commitments made by the republic to reduce greenhouse gases by 15 percent by 2030 from the 1990 level under the Paris Agreement (2015), the Head of State set a goal to achieve carbon neutrality by 2060.
In accordance with the tasks set by the president of the country, the management of Samruk-Kazyna JSC has identified sustainable development as one of the key priorities. Reducing the carbon footprint of companies' activities contributes to an increase in the long-term value of assets, increases investment attractiveness in the implementation of large infrastructure projects.
A series of portfolio company hearings have already been held, during which the strategic vision and indicators for decarbonization have been discussed. The Fund's management reviewed plans for the energy transition of KazMunayGas, Samruk-Energo, KazTransGas, Kazatomprom, United chemical company, Tau-Ken Samruk, Kazpost, Kazakhtelecom and Air Astana, activities which has an impact on the environment.
“The key initiatives of the companies are aimed at replacing coal generation, developing gas and hydropower, commissioning new capacities based on alternative energy sources, and building renewable energy facilities for their own consumption. The same list includes energy efficiency, energy storage, carbon capture and storage technologies, hydrogen energy, as well as greening activities,” the Fund emphasizes.
Also, in order to fund climate projects, additional financing instruments are being considered, including green bonds.
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