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

Authors :
Shakeyev Sayan
Baineyeva Parida
Kosherbayeva Aigul
Yessenova Gulmira
Zhanseitov Azamat
Source :
ECONOMICS, Vol 11, Iss s1, Pp 165-182 (2023)
Publication Year :
2023
Publisher :
Sciendo, 2023.

Abstract

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.

Details

Language :
English
ISSN :
23035013
Volume :
11
Issue :
s1
Database :
Directory of Open Access Journals
Journal :
ECONOMICS
Publication Type :
Academic Journal
Accession number :
edsdoj.1680002f8435a96f58c67daa51bbc
Document Type :
article
Full Text :
https://doi.org/10.2478/eoik-2023-0057