ADB To Assist Kazakhstan In Reaching Carbon Neutrality - Representative
Date
3/22/2023 1:02:20 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 22. Asian Development
Bank (ABD) welcomes Kazakhstan's new Carbon Neutrality Strategy
2060, which the ADB contributed to during the preparatory stages, a
source at the ADB told trend .
The representative said that in line with the Bank's new Energy
Policy approved in 2021, ADB will support institutional
development, policy reforms, and regional energy cooperation
through integrated approaches.
The source also noted that the Asian Development Bank
Kazakhstan's commitments under its Strategy 2060, the Sustainable
Development Goals, and the Paris Agreement.
ADB's current portfolio in Kazakhstan includes several grants
and non-sovereign projects supporting climate mitigation and
adaptation and helping with the country's energy transition.
'For example, we recently supported the development of the
100-megawatt M-KAT solar power plant and the 50-megawatt Baikonyr
solar power plant,' the Bank representative said.
The source concluded by saying that ADB, as Asia and the
Pacific's climate bank, will continue providing financing and
knowledge solutions to promote energy efficiency, develop renewable
energy, and mitigate climate change, including the planned
phase-out of coal.
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