Supporting Kazakhstan's Green Growth

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00:07 I'm here actually at the invitation of the Prime Minister

00:11 for a brainstorming on what it takes to

00:16 undertake a transformation and transition to a new economic model,

00:20 and the focus has really been on the green transition.

00:24 We're just coming to this discussion right as COP 26 has finished.

00:28 Kazakhstan was a very active participant in COP 26

00:31 and has made an announcement to go carbon neutral by 2060.

00:35 What does this mean for Kazakhstan?

00:37 Well,

00:37 it means taking action on many.

00:40 Fronts,

00:40 but one very important front is the energy sector.

00:43 And why the energy sector?

00:45 Because Kazakhstan joins many other countries that

00:48 have a very significant reliance on coal,

00:51 coal for energy production,

00:53 coal for heating the homes in the winter,

00:55 coal for industry.

00:56 And why it's so important to take a comprehensive review of

01:00 coal when doing a transition is because coal has a big impact on jobs,

01:05 particularly because many times coal mining and

01:08 coal production happens in specific regions.

01:10 So sometimes we see an

01:12 town or entire region affected by a change

01:15 in this economic activity.

01:17 So to start the phasing out of coal means taking

01:20 a comprehensive review looking at new sources of growth,

01:23 new sources of income,

01:25 livelihoods,

01:26 and different types of jobs.

01:29 So we talked about all of the challenges,

01:31 but also opportunities as part of this transition,

01:34 and what the World Bank is engaged in in this regard is what we call a just transition.

01:38 And what we mean by just is that it takes very carefully into account the social

01:43 and people dimensions.

01:49 Not many countries have actually done a full green transition,

01:52 so there is really no blueprint for this.

01:55 But what the World Bank is doing together with

01:57 the authorities is starting with some really comprehensive diagnostics.

02:00 Kazakhstan is one of 4 countries in our region that

02:03 we are undertaking a climate change and development report for

02:07 the CCR as we call it,

02:09 and what the CDR will do is really look at

02:12 what are the challenges of climate change in this country,

02:15 how does it break down sector.

02:17 And what is the economic modeling around climate

02:21 challenges and opportunities and therefore from that,

02:24 what is the integrated set of policies that we could be considering

02:28 and Kazakhstan can be considering to pursue when it comes to changes in policy,

02:33 regulation,

02:33 legislation,

02:34 but also how will investments change over the next few years

02:39 to be able to reach a more decarbonized avenue and economy through action.

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I'm here actually at the invitation of the Prime Minister for a brainstorming on what it takes to undertake a transformation and transition to a new economic model, and the focus has really been on the green transition. We're just coming to this discussion right as COP 26 has finished. Kazakhstan was a very active participant in COP 26 and has made an announcement to go carbon neutral by 2060. What does this mean for Kazakhstan? Well, it means taking action on many. Fronts, but one very important front is the energy sector. And why the energy sector? Because Kazakhstan joins many other countries that have a very significant reliance on coal, coal for energy production, coal for heating the homes in the winter, coal for industry. And why it's so important to take a comprehensive review of coal when doing a transition is because coal has a big impact on jobs, particularly because many times coal mining and coal production happens in specific regions. So sometimes we see an town or entire region affected by a change in this economic activity. So to start the phasing out of coal means taking a comprehensive review looking at new sources of growth, new sources of income, livelihoods, and different types of jobs. So we talked about all of the challenges, but also opportunities as part of this transition, and what the World Bank is engaged in in this regard is what we call a just transition. And what we mean by just is that it takes very carefully into account the social and people dimensions. Not many countries have actually done a full green transition, so there is really no blueprint for this. But what the World Bank is doing together with the authorities is starting with some really comprehensive diagnostics. Kazakhstan is one of 4 countries in our region that we are undertaking a climate change and development report for the CCR as we call it, and what the CDR will do is really look at what are the challenges of climate change in this country, how does it break down sector. And what is the economic modeling around climate challenges and opportunities and therefore from that, what is the integrated set of policies that we could be considering and Kazakhstan can be considering to pursue when it comes to changes in policy, regulation, legislation, but also how will investments change over the next few years to be able to reach a more decarbonized avenue and economy through action.

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worldbank/Kazakhstan Anna Bjerde visit 2021

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Kazakhstan Anna Bjerde visit 2021

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Kazakhstan Anna Bjerde visit 2021

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