UN Fund Commits $280 Million to Support Kazakhstan’s Ec-Projects

The United Nations Green Climate Fund will allocate $280 million to support the implementation of environmental projects in Kazakhstan.

The announcement was made by Yerlan Nyssanbayev, Kazakhstan’s Minister of Ecology and Natural Resources, The Caspian Post reports, citing Kazinform.

The UN Green Climate Fund is a key financial mechanism for supporting countries in the fight against climate change.

“With the support of international organizations, Kazakhstan is expected to receive about $280 million from the UN Green Climate Fund. These funds will be spent on development of renewable energy sources, stimulating introduction of low-carbon technologies in the industrial sector, and supporting the development of electric vehicles,” Nyssanbayev said.

He recalled that back in 2024, a country program for the UN Green Climate Fund was prepared to promote green projects. The program includes seven projects aimed at reducing greenhouse gas emissions in energy sector, increasing sustainability of centralized water supply systems in rural areas, modernizing livestock farms, and supporting private sector initiatives in green financing.

The total budget of these projects exceeds $1 billion, of which $630 million will be financed by the Fund.

Kazakhstan also plans to launch 11 RES projects with a total capacity of 330 MW under the Fund-EBRD Renewable Energy Sources program. Nine subprojects have already been financed. The implementation period is 2017-2027.