Samruk-Kazyna will develop the Low Carbon Development Concept by the end of this year, which will define the Fund’s vision and objectives to reduce greenhouse gas emissions by 10% by 2031 and achieve carbon neutrality by 2060. Co-managing Director on Strategy, Sustainable Development and Digital Transformation of Samruk-Kazyna Yernat Berdigulov told about this at the media briefing.

The Fund representative gave detailed explanations on the Strategy of Samruk-Kazyna for 2022-2031. According to the document, the mission of the Fund is to create long-term value and stimulate sustainable economic development through effective asset management for the benefit of the people of the Republic of Kazakhstan.

Mr. Berdigulov noted that at this moment, the Fund focuses on domestic investments in Kazakhstan. They are aimed at raising long-term costs, introducing new technologies, and creating quality jobs.

“We set ourselves the task of creating new production facilities and introducing new ones to double the output of non-basic goods and services. At present, we have already started implementing 11 priority investment projects in the field of gas supply, water supply, transport, and energy”, - said the Co-managing Director for Strategy, Sustainable Development, and Digital Transformation Samruk-Kazyna.

​In response to questions from journalists, Yernat Berdigulov expressed his opinion on the recently held COP 26 Climate Summit and noted important aspects for the Samruk-Kazyna Group in the sphere of sustainable development. The key message for us is that we are committed to a plan to reduce greenhouse gas emissions. It is also essential for us that the world community understands the need for a smoother energy transition».

Today, about 70% of Kazakhstan’s electricity is generated using coal as a fuel. As a result of some of the lowest tariffs on gas, coal, and electricity, Kazakhstan’s economy is the world’s 12th in energy intensity and 5th in carbon intensity. The representative of the Samruk-Kazyna stressed that it was necessary to gradually reduce the share of coal generation, as this would affect whole industries and socio-economic conditions of a large part of the population.