Tokayev sets 15% energy intensity cut by 2029 and 1.4 GW renewables target
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Kazakh President Kassym-Jomart Tokayev ordered a 15% reduction in energy intensity by 2029 and announced 1.4 gigawatts of new renewable capacity by 2027. He said the country must accelerate its green economy transition, citing the new Environmental Code and the 2060 carbon neutrality strategy.
Key Facts
- Tokayev ordered a 15% reduction in energy intensity and energy consumption indicators by 2029.
- Kazakhstan will commission an additional 1.4 gigawatts of renewable energy capacity by 2027.
- The share of renewable energy in Kazakhstan's total power generation has grown by about 5 percentage points over the past five years.
- Global green bond issuance exceeded $2.5 trillion over the past seven years.
Green Economy Targets
President Kassym-Jomart Tokayev set a target to cut energy intensity and energy consumption indicators by at least 15% by 2029. He said Kazakhstan must firmly pursue green economy development because the world will inevitably shift to clean energy. International experts estimate that about one-third of global capital investment goes to renewable energy projects. Tokayev noted that Kazakhstan has already adopted a new Environmental Code and a strategy to achieve carbon neutrality by 2060.
Renewable Capacity Expansion
Tokayev announced that another 1.4 gigawatts of power capacity will be commissioned by 2027. He said the structure of Kazakhstan's energy balance will change, requiring improved management across the entire energy sector from generation to distribution. The president highlighted hydrogen power development as another priority, saying it will support technology transfer in energy machine building and local production. Tokayev said Kazakhstan has sufficient raw material reserves and needs new solutions for balancing power sources and energy storage systems.
Carbon Market and Green Finance
Tokayev said the transition to carbon neutrality can be accelerated by trading greenhouse gas emission quotas. He called on the government and business representatives to use these opportunities. The president said ESG principles will soon become standard practice for financial institutions. He noted that global green bond issuance exceeded $2.5 trillion over the past seven years.
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Tokayev sets 15% energy intensity cut by 2029 and 1.4 GW renewables target
