Decarbonization of economy to transform Kazakhstan’s fuel and energy complex – minister

Kazakhstan Materials 27 October 2021 16:21 (UTC +04:00)

BAKU, Azerbaijan, Oct. 27


The implementation of measures to decarbonize the economy will lead to transformations in the fuel and energy complex, Minister of Ecology, Geology and Natural Resources of Kazakhstan Serikkali Brekeshev said at a briefing at the Central Communications Service (CCS) under the president of Kazakhstan, Trend reports Kazinform.

“Undoubtedly, the implementation of measures to decarbonize the economy will lead to a transformation in the fuel and energy complex. In 2017, the fuel and energy basket consisted of 54 percent coal, 24 percent oil and 22 percent gas. Model calculations showed that by 2060 the share of fossil energy resources in the structure of primary fuel and energy resources will decrease by 3.4 times and amount to 29 percent, and the share of renewable energy sources will increase from the current three to 70 percent,” Brekeshev said.

The minister also noted that in the structure of final consumption of energy resources, industry and buildings consumed 42 percent and 40 percent, respectively, transport accounted for 14 percent of consumed energy resources.

It is estimated that in 2060 the industrial sector will consume 65 percent of all energy resources. The consumption of buildings will be reduced by 23 percent, the energy consumption of transport will be reduced by nine percent.

“According to the model's calculations, emissions will amount to about 76 million tons of CO2 by 2060,” Brekeshev noted.