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A country best known for producing fossil fuels is emerging with the power of clean energy.
As COP27 drew to a close, it was clear that green hydrogen and other forms of clean energy would be central to the fight against climate change, but what surprised many was the emergence of Kazakhstan with its impressive first low-carbon strategy.
The country has the capacity to supply the necessary minerals for electric vehicles while producing H2.
Kazakhstan has an abundance of minerals such as copper, which will be critical in supporting the electric revolution, such as battery electric vehicles. At the same time, preparations are being made for the production of green hydrogen for export. This puts the country at the center of Europe’s overall decarbonisation efforts.
The country has developed its first low-carbon strategy, which includes an ambitious and highly promising renewable energy sector. What’s more, it has also revealed an openness to investment in emerging industries such as renewable H2, with its president Tokayev strongly supporting turning the entire country into a “green powerhouse”.
This is a striking shift from the country’s traditional focus on hydrocarbon reserves, as a production hub for Shell, Exxon, Total and Chevron. This pushes the country into the position of a key broker for the clean energy transition in Europe.
The green hydrogen production strategy is only strengthened by the country’s mineral mining.
With an established mining industry for minerals particularly important to decarbonisation efforts – such as copper and nickel – Kazakhstan is in a strong position to simultaneously support the growth of the electric revolution and the expansion of green hydrogen.
“Kazakhstan’s carbon intensity is a challenge, 70% is still burning coal.” As the carbon cap adjustment becomes available in 2026, Kazakhstan will face the issue of competitiveness,” said Director of the EBRD’s Sustainable Infrastructure Group Aida Sitdikova. “In order to support global decarbonisation with rare earth minerals and metals, they must be procured green.” The EBRD has financed 800 MW of renewable energy in Kazakhstan with developers from the UK, France, Germany, China and we have supported the development of the regulatory environment for renewable energy, enabling other lenders to join.
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