Industry news archive

08 February, 2023
372

The President approved the Strategy of achieving carbon neutrality of Kazakhstan until 2060

President of Kazakhstan Kassym-Jomart Tokayev approved by his Decree No. 121 dated February 2, 2023 «Strategy for achieving carbon neutrality of the Republic of Kazakhstan until 2060».

The Government of Kazakhstan has been instructed to take measures to implement the Strategy, control over the execution of the Decree is entrusted to the Administration of the President of the Republic of Kazakhstan.

The decree was put into effect from the date of its signing. It is published on the website of ILS «Adilet».

Kazakhstan signed the Paris Agreement on August 2, 2016 and ratified it on December 6, 2016. Before the official signing of the Paris Agreement in September 2015, Kazakhstan demonstrated its commitment to its goal by presenting its NDC within the framework of the UN Framework Convention on Climate Change, which assumes the achievement of the following goals:

  • unconditional reduction of GHG emissions by 15% by December 2030 compared to 1990;
  • conditional reduction of GHG emissions by 25% by December 2030 compared to 1990, subject to additional international investments, access to a mechanism for the transfer of low-carbon technologies, funds from the Green Climate Fund and a flexible mechanism for countries with economies in transition.

In December 2020, at the Summit on Ambitious Tasks in connection with Climate Change, President of Kazakhstan Kassym-Jomart Tokayev announced a new goal - Kazakhstan's achievement of carbon neutrality by 2060, confirming Kazakhstan's obligations under the Paris Agreement.

Thus, the Strategy for achieving Carbon Neutrality of the Republic of Kazakhstan until 2060 has been developed taking into account global climate trends and in compliance with relevant international obligations. The Strategy defines national approaches, the strategic course of state policy for the consistent transformation of the economy to ensure well-being, sustainable economic growth and equitable social progress and is adopted to ensure the coherence and coordination of state policies.

The strategy takes into account the need to adapt Kazakhstan's economy to global climate trends, such as the introduction of a Mechanism for cross-border carbon regulation, the dissemination of ESG principles, the promotion and attraction of «green» investments, energy-efficient production, electrification and others.