Kazakhstan, IFC Discuss Prospects For Co-Op In Reducing Methane Emissions


(MENAFN- Trend News Agency) ASTANA, Kazakhstan, April 18. Kazakhstan andInternational Financial Corporation (IFC) have discussed prospectsfor cooperation in the field of reducing methane emissions,Trend reports.

Minister of Ecology and Natural Resources of Kazakhstan YerlanNysanbaev and Ekaterina Benjamin, International FinanceCorporation's (IFC) Country Officer for Kazakhstan, reviewed theissue.

Thus, from April 15 through 17, an IFC mission was held toobtain consultations with stakeholders on reducing methaneemissions in the oil and gas
sector and the use of geothermal energy
.

In this regard, Nysanbaev and Benjamin reviewed the results ofthe consultations received.

Ekaterina Benjamin noted that the IFC is ready to assistKazakhstan in developing a roadmap for reducing methane emissionsand technical assistance in developing a methodology for regulatingmethane emissions.

Meanwhile, according to the World Bank's Greening the Economy ofEurope and Central Asia (ECA) report, Kazakhstan will require about$1.15 billion of investment
between 2025 and 2060 (6 percent ofcumulative discounted GDP) to decarbonize its energy
system toreach net-zero by 2060.

To note, Kazakhstan is developing a roadmap for theimplementation of the Strategy for Achieving Carbon Neutralityuntil 2060. The roadmap should be the main tool for the energy
transition and achieving net-zero greenhouse gas
emissions by 2060 this regard, a working group has been created. More than 200experts take part in its work.

MENAFN18042024000187011040ID1108109918


Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.