Is Kazakhstan at a crossroads in its energy sector?

Kazakhstan, a vast and resource-rich nation in Central Asia, is at a crossroads in its energy sector. With a growing emphasis on sustainability and a need to align with global decarbonization efforts, the country is embarking on a transformative initiative that aims to ensure the security and reliability of its energy supply.

Will Kazakhstan's Energy Transition be facilitated by a higher carbon price?

A higher carbon price driven by materially lower free quotas and government auctions will be an essential policy tool to facilitate Kazakhstan’s energy transition. Storage at scale will be required by 2030 to account for growing renewables integration and will be essential to provide flexibility to the system.

Will Kazakhstan's Energy Transition be a model for other countries?

Kazakhstan’s progress on the energy transition can serve as a model for other countries in the region and beyond on advancing a just transition away from fossil fuels–helping to build a more sustainable, resilient economy for all.

Does Kazakhstan have a net zero energy transition pathway?

Steppes to Net Zero This report focuses on Kazakhstan’s energy transition pathway and provides a perspective that strikes a balance between the cost of energy, reliability of supply, and environmental sustainability.

What is Kazakhstan's energy subsidy reform plan?

At the heart of this endeavor is a comprehensive energy subsidy reform package, driven by a partnership between the Government of Kazakhstan and the World Bank, working closely with the private sector.

Is Kazakhstan phasing out inefficient subsidies and modernizing its energy infrastructure?

Kazakhstan's energy sector has long been dependent on fossil fuels, and the country now faces the challenge of phasing out inefficient subsidies and modernizing its energy infrastructure.