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. It also highlights the economic risks of continued support for coal-fired generation and the need for international funding to help with the country’s just transition. Although Kazakhstan’s individual contribution to global emissions is relatively limited, being similar to Spain or France, emissions intensity relative to GDP is very high with the energy sector being the core source of Greenhouse Gas (GHG) emissions in the country with a share of 82.4% (and fuel combustion responsible for 70.5% of overall country GHG emissions). The Central Asian region is also extremely vulnerable to climate change impacts.
Kazakhstan Energy Transition
Steppes to Net Zero
Lee Ray, Durand D'souza, Christopher De Vere Walker
Carbon Tracker is a non-profit company set up to produce new thinking on climate risk. The
organisation is funded by a range of European and American foundations. Carbon Tracker is
not an investment adviser, and makes no representation regarding the advisability of
investing in any particular company or investment fund or other vehicle. A decision to
invest in any such investment fund or other entity should not be made in reliance on any of
the statements set forth in this publication. While the organisations have obtained
information believed to be reliable, they shall not be liable for any claims or losses of
any nature in connection with information contained in this document, including but not
limited to, lost profits or punitive or consequential damages. The information used to
compile this report has been collected from a number of sources in the public domain and
from Carbon Tracker licensors. Some of its content may be proprietary and belong to Carbon
Tracker or its licensors. The information contained in this research report does not
constitute an offer to sell securities or the solicitation of an offer to buy, or
recommendation for investment in, any securities within any jurisdiction. The information is
not intended as financial advice. This research report provides general inform ation only.
The information and opinions constitute a judgment as at the date indicated and are subject
to change without notice. The information may therefore not be accurate or current. The
information and opinions contained in this report have been compiled or arrived at from
sources believed to be reliable and in good faith, but no representation or warranty,
express or implied, is made by Carbon Tracker as to their accuracy, completeness or
correctness and Carbon Tracker does also not warrant that the information is up-to-date.
Questions or comments? Contact us at data@carbontracker.org
Please refer to our terms of use
and our
privacy and cookies policy. © 2024 Carbon Tracker Initiative. All Rights Reserved.