At the meeting of the Council for Improving the Investment Climate chaired by the Prime Minister of the Republic of Kazakhstan Alikhan Smailov, the issues of financing obligations under the climate pact and further strengthening Kazakhstan's international position in promoting the green agenda were considered.

Kazakhstan was among the first countries to ratify the Paris Agreement and announced ambitious goals for the decarbonization of its economy. The Government of the Republic of Kazakhstan is carrying out significant work on the preparation of key documents relating to new areas of development that meet modern realities.

Smailov noted that in 2021 a new Environmental Code was adopted, which defines the standards of state environmental regulation, stimulates the attraction of green investments and ensures the fulfillment of international environmental obligations.

“To stimulate the development of environmentally friendly energy sources, a new Law on the development of alternative energy is being prepared. The new Concept of Investment Policy of Kazakhstan until 2025 will be based on the observance of the principles of ESG and the green economy,” said the Prime Minister of the Republic of Kazakhstan.

For these purposes, the Doctrine of Carbon Neutrality by 2060 is currently being developed, which will determine the strategic course of state policy for the consistent transformation of the economy of Kazakhstan.

Kazakhstan, despite the challenges faced by the world community, has maintained its commitment to global sustainable development and is ready for further systematic and consistent work in this direction.