Kazakhstan plans to meet 50 percent of its energy needs from alternative and renewable sources by 2050. Kazakhstan works with the UNDP, EBRD, the EU, etc. to open new solar, wind power plants and high-tech greenhouses.
The AIFC partners with the Ministry of Ecology, Geology and Natural Resources and international experts to create new legislation regarding the development of green financing.
The AIFC works with Akimats (municipal administrations) of Nur-Sultan and Almaty to form a pool of green projects, which will benefit from new green financial instruments.
The country’s initiatives in developing a regulatory framework are aimed at creating in Kazakhstan a regional hub for green finance. This project is important for the entire region in terms of global transition to green economy.
The European Union (EU) launched the Green Central Asia regional integration project on climate protection on January 28, 2020 in Berlin. Green Central Asia will support high-level dialogue on climate change in the context of security and stability of the six states involved.