Kazakhstan and EBRD Strengthen Cooperation on Climate Agenda
Kazakhstan intends to expand cooperation with the European Bank for Reconstruction and Development (EBRD) in the field of climate policy and the transition to a low-carbon economy. Minister of Ecology and Natural Resources Yerlan Nyssanbayev held talks with EBRD Managing Director for Climate Strategy and Delivery Gianpiero Nacci. Following the meeting, the parties confirmed their intention to strengthen their partnership in advancing the climate agenda and achieving carbon neutrality. Kazakhstan has set a target of reaching carbon neutrality by 2060 and has adopted an updated Nationally Determined Contribution (NDC 3.0), which requires a 17% reduction in greenhouse gas emissions by 2035 compared to 1990 levels. With EBRD support, several projects are already underway in the country, including efforts to reduce methane emissions in the wastewater treatment sector and to improve the emissions trading system. These measures are aimed at developing the carbon market and enhancing its efficiency. Kazakhstan is also developing "Qajet," a country platform for energy transition, to help coordinate climate financing and identify priority projects. The energy sector, the largest source of emissions, is expected to be its main focus. Kazakhstan and the EBRD plan to continue expanding their cooperation, focusing on the implementation of practical projects aimed at sustainable, low-carbon development.
