BAKU, Azerbaijan, June 28. The European Bank for Reconstruction and Development (EBRD) will support the development of a decarbonised and climate-resilient energy system in Kazakhstan, Trend reports citing the Bank.
This is envisioned in the Bank’s new strategy Kazakhstan for the next five years.
The plan said that the EBRD will continue to finance renewable energy projects and help integrate renewables into the national power network.
“The Bank will support the development of a decarbonised and climate-resilient energy system. Special attention will be paid to the development of carbon markets, cleaner energy generation and the reduction of air pollution. It will continue supporting the authorities’ drive to develop Paris Agreement aligned strategies,” the Bank said.
At the same time, the EBRD will finance and advise companies, including small businesses, on decarbonisation and will support green municipal and transport infrastructure projects.