Kazakhstan, IFC Discuss Prospects For Co-Op In Reducing Methane Emissions
Date
4/18/2024 5:16:28 AM
(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 geothermalenergy.
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 energytransition 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.
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