This year Kazakh President Kassym-Jomart Tokayev instructed the government to bring the share of renewable energy in the nation’s total energy grid to 15% by 2030
Nur-Sultan, October 28 - Neftegaz.RU. Kazakhstan needs to invest $650 billion in low carbon technologies to achieve its
carbon neutrality target in the period of 40 years, Minister of Ecology, Geology & Natural Resources Serikkali Brekeshev told today’s briefing at the Central Communications Service,
Kazinform reports.
The minister also named the sectors that need most investments, they are:
- electricity and thermal energy - $305 billion
-
transport - $167 billion
-
mining and manufacturing - $65 billion
-
housing and public utilities - $57 billion
-
agriculture - $49 billion
Brekeshev went on to note that according to the model review investments in coal, oil and gas production will reduce due to reduction in demand in the
long-term period.
He said:
- Decarbonization of Kazakhstan’s economy will lead to fundamental changes in its fuel and energy complex
By 2060 the share of non-renewable energy sources is expected to decrease 3.4 fold and total 20%, while the share of
renewable energy sources will climb from 3% to 70%.
Industrial sector is forecast to consume 65% of all
energy sources in Kazakhstan by 2060.
Energy consumption of buildings and transport will drop to 23% and 9%, accordingly.
Brekeshev added that agriculture will eventually become the biggest source of
greenhouse gases.
Greenhouse gas
emissions are forecast to total about 42 million tons.
Industrial sector will be the 2
nd largest source of greenhouse gases with forecasted volume of 21 million tons.
Ranked 3
rd is the oil & gas sector with 6 million tons of greenhouse gas emissions.
