Faced with these two threats to its future Kazakhstan has committed to carbon neutrality by 2060, a process that was set in motion in 2020. That was when Kazakh President Kassym-Jomart Tokayev announced the aspiration to become carbon neutral by 2060 during the 2020 UN Summit on Climate Ambitions. 4 Then in February 2023, following consultations and detailed planning, he approved “The Strategy on Achieving Carbon Neutrality by 2060” and the policy was officially adopted. 5
In February the government announced plans to invest $110.7 million in renewable energy sources in 2024. This allocation includes $19.9 million for wind farms, $28.7 million for solar parks and $62 million for hydroelectric power stations,6 a somewhat underwhelming amount considering the OSCE’s lowest estimate of the investment required is $54.6 billion between 2015 and 2045,7 equivalent to $1.8 billion per year.
The Ministry of Energy is quoted as saying that to achieve a 15% share of renewable energy sources by 2030 and a 50% share by 2050, they plan to conduct annual auctions and implement large-scale projects with strategic investors, with the commissioning of five major renewable energy projects with a total capacity of five gigawatts planned for 2029-2030; presumably this includes the 3 x 1GW wind projects already announced to date.7
How the difference between renewable target of 50% in 2050 and the 2060 net zero emissions pledge will be bridged is not at all clear.