Kazakhstan is committed to becoming one of the top 30 of the world’s 50 developing nations by 2050. A “greening” of essential economic sectors is part and parcel of this economic drive. As an oil producing nation, moving from “brown” to green status will be a challenge – one that Kazakhstan is ready to face head on.
President Nazarbayev formally adopted Kazakhstan’s Green Economy Concept policy in 2013, following the Rio+20 Earth Summit in 2012. With full presidential backing, it appears the Central Asian state is firmly committed to “cleaning up” its economy.
By 2030, Kazakhstan aims to generate 30% of its domestic electricity supply from renewable sources, rising to 20% by 2050. Legislation establishing feed-in tariffs for renewables was introduced in 2013 and will remain in place for 50 years – providing the impetus for companies to invest in green technologies.
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