ECONOMICS (Dec 2023)

Enhancing the Green Energy Revolution: Analyzing the Impact of Financial and Investment Processes on Renewable Energy Projects in Kazakhstan

  • Shakeyev Sayan,
  • Baineyeva Parida,
  • Kosherbayeva Aigul,
  • Yessenova Gulmira,
  • Zhanseitov Azamat

DOI
https://doi.org/10.2478/eoik-2023-0057
Journal volume & issue
Vol. 11, no. s1
pp. 165 – 182

Abstract

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As a fossil fuel-dependent nation, Kazakhstan is caught between issues and possibilities in its search for a sustainable energy transition. Despite its tremendous resources, Kazakhstan’s renewable energy capacity is 1%, much behind its non-renewable peers. According to this research, green fiscal policies in renewable energy firms are needed to reduce the country’s political and economic dependence on the global oil sector. This report emphasizes regional collaboration and Kazakh-stan’s potential leadership in Central Asian Green Economy projects. Kazakhstan can promote renewable energy adoption and economic sustainability by forming regional alliances.

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