Kazakh to increase the share of renewable energy sources

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Kazakh President Kassym-Jomart Tokayev stated the objective is to convey the share of renewable power within the nation’s power stability to not less than 15% by 2030, in accordance with the presidential workplace in Nur-Sultan.

He was addressing the thirty fourth plenary session of the Overseas Buyers’ Council on June 9. The occasion was attended by heads of main multinational corporations, heads of presidency businesses and representatives of worldwide organizations.

The agenda of the assembly included the event of decarbonisation of the economic system and introduction of low-carbon applied sciences.

Tokayev additionally famous the significance of nuclear energy. In accordance with the President, within the context of instability of renewable power and restricted fuel era, the peaceable use of nuclear power is the one supply of steady fundamental era.

Tokayev underscored the important thing position of the fuel business in lowering the usage of coal, noting the elevated demand for home fuel consumption. “I wish to emphasize that assembly home demand for fuel has absolute precedence over fuel exports. I ask the Authorities in cooperation with the shareholders of Tengiz subject to handle the problem of redirecting two billion cubic meters of fuel from export to the home market,” Tokayev stated.

In conclusion, the chief of Kazakhstan urged members of the Council to accentuate actions to implement inexperienced initiatives, mobilize ESG investments and obtain sustainable improvement objectives.

Additionally on June 9, Tokayev held a gathering with European Financial institution for Reconstruction and Improvement (EBRD) President Odile Renaud-Basso on the sidelines of the thirty fourth assembly of the Overseas Buyers’ Council.

They mentioned the prospects for the implementation in Kazakhstan of a number of funding initiatives within the areas of infrastructure, transit visitors, decarbonisation of the economic system and the monetary sector. Additionally they exchanged views on topical points of worldwide financial improvement.

Renaud-Basso congratulated Kassym-Jomart Tokayev on the success of the nationwide referendum and famous that its outcomes will additional strengthen the boldness of international traders in Kazakhstan, the presidential workplace in Nur-Sultan stated. She additionally shared her imaginative and prescient for the prospects of financial improvement and strengthening the monetary system in Kazakhstan.

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