Kazakhstan has attracted nearly $3.7 billion in green energy investments. The relevant documents, signed at the COP29 global climate summit in Baku, include a memorandum of understanding between the Kazakh Energy Ministry and the Asian Development Bank (ADB) on cooperation in achieving carbon neutrality goals through the ADB’s Energy Transition Mechanism. It aims to expand renewable energy use, improve energy efficiency, and introduce new technologies in energy production. Another agreement was signed with China, which involves renewable energy projects, with investors set to build four facilities totaling 22 gigawatts by 2035. A company from the UAE will also invest $1.5 billion in a new wind power plant in the Zhambyl region.
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