DEVELOPMENT OF LOW-CARBON ECONOMY
The Astana EXPO 2017 site hosted discussion of the latest trends of low-carbon development. Scientists and engineers from Russia, Portugal, Japan, Korea and the United States also raised issues of promoting new technologies and innovations.
Participants highlighted the importance of the global Kazakhstan initiative, the Green Bridge. The final document of the UN Conference on Sustainable Development or Rio + 20 included the Partnership Program. Its primary goal is to create favorable conditions for a green economy in Europe, Asia and the Pacific. It is expected that the implementation of the initiative will allow Kazakhstan to halve its energy intensity in the national GDP and to increase the share of renewables to the world’s average, and to reduce carbon dioxide emissions by 50%.
BAKHYT YESSEKINA, DIRECTOR, GREEN ACADEMY:
- Starting from 2018, the Ministry of Energy is planning to restart the system of quotas. Today, this approach has been updated and new coefficients will be proposed for calculation of the quotas and for participation of enterprises in carbon trading. We hope that the new knowledge of attracting investment that we will receive today, both in terms of renewables and low-carbon technologies, is very relevant for Kazakhstan.
Kazakhstan has already developed the low-carbon development strategy till 2050 which reflects the main ways of reducing greenhouse gas emissions. The republic is set to attract investments in order to promote green growth.