EBRD urges Kazakhstan to act quickly on decarbonisation

By District Energy posted 09-26-2021 07:58

  

Reuters

Summary

Kazakhstan must press ahead with decarbonisation projects that involve natural gas as a transition fuel while lenders can still finance them, European Bank for Reconstruction and Development President Odile Renaud-Basso said on Friday.

The oil- and gas-rich Central Asian country said this month it aimed to achieve carbon neutrality by 2060 but would also take some immediate steps to mitigate the impact of a planned European Union carbon tax.

Coal, the dirtiest fuel, accounts for 70% of Kazakhstan's electric power output and quickly phasing it out with renewable energy sources alone would be impossible.

Kazakh President Kassym-Jomart Tokayev has called for the construction of a nuclear power plant, but the country is also looking at replacing coal-powered plants with gas turbines in the meantime.

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