Foreign business is ready to invest in development of Central Asia’s green energy

Foreign business is ready to invest in development of Central Asia’s green energy. Today, the region has a high potential to increase a number of renewables and implement energy-efficient projects. In addition, the Central Asian republics are taking measures to remove legislative barriers in this direction and are developing strategies to switch to the green economy. Regular meetings of representatives of the region’s countries once again prove that there is a commitment to develop the renewables. Kazakhstan organized and hosted ‘The Green Bridge, the Bridge to Green Technologies, Innovation and Affordable Energy’ conference. It has become an interactive platform for the exchange of knowledge and experience in environmental protection of the region.

OLIVIER CHAZAL, SPOKESPERSON, FRENCH ENVIRONMENT AND ENERGY MANAGEMENT AGENCY:

 - You have a lot of potential in wind power, in solar power, in hydropower. Central Asia has to look at its own capacity to develop the project and to develop energy efficiency mainly the region could be very interesting because there are a lot of things to do. There are not so much actors to about renewable energy for example. We need a good place to develop wind power or solar power.

All the Central Asian countries are participants of the Paris agreement on climate change. The document contains an obligation to limit the global temperature increase to 1.5 C. Today the neighboring countries of the region are looking for opportunities to reduce climate risks in Central Asia, and are actively attracting green investments for sustainable development. Not only big foreign companies, but also international financial organizations showed their interest in this industry.

ALIYA TSAI, TEACHER, ACADEMY OF PUBLIC ADMINISTRATION AND DIPLOMACY INSTITUTE UNDER PRESIDENT OF KAZAKHSTAN:

- The European Development Bank is sponsoring two projects in Central Asia. One is located in Tajikistan which is set to improve energy efficiency and one is being implemented in Kazakhstan which is set to build a solar cell park. These projects supported by international partners have already entered the Central Asian states. There is a necessity to switch to more energy-efficient sources and renewables.

According to experts, the International Center for Development of Green Technologies and Investment Projects in Astana based on the expo will help coordinate efforts to develop renewables in the region. The main areas are transformation of the energy sector, the exchange of best practices, sustainable urban development and the green entrepreneurship. The center’s activities will engage the Central Asian countries, particularly, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan as well as Iran, Afghanistan, Mongolia and Azerbaijan.