BAKU, Azerbaijan, Oct. 14
Trend:
Kazakhstan has begun work on the preparation of a program for the development of the electricity and gas infrastructure sectors, the European Bank for Development and Reconstruction (EBRD) told Trend.
According to the information, the EBRD and the United States Agency for International Development (USAID), together with the Ministry of Energy of Kazakhstan, are developing a program to achieve carbon neutrality until 2060 in the energy sector.
"As part of the development of the program, it is planned to model the most optimal way to achieve carbon neutrality in the energy sector of Kazakhstan by 2060," the bank said.
After the approval of the program, the Ministry of Energy of Kazakhstan will plan the development of certain types of alternative energy in order to achieve carbon neutrality.
The EBRD is a pioneer in financing projects to promote renewable energy and combat climate change. The Bank has become the largest investor in renewable energy sources in the regions of Central and Eastern Europe, Central Asia and the Southern and Eastern Mediterranean.
In March 2021 it was reported that the Ministry of Energy of Kazakhstan and the EBRD signed a memorandum of understanding on cooperation in the development and implementation of a long-term strategy for the development of the electricity and gas infrastructure sectors in Kazakhstan.