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BOLAT AKCHULAKOV SPOKE AT THE FIRST REGIONAL SUMMIT ON SUSTAINABLE DEVELOPMENT GOALS IN ALMATY

BOLAT AKCHULAKOV SPOKE AT THE FIRST REGIONAL SUMMIT ON SUSTAINABLE DEVELOPMENT GOALS IN ALMATY
On November 15, the First Regional Summit Mobilizing Finance for Sustainable Development Goals (hereinafter – SDGs) began its work in Almaty.
The Summit is supported by the Asian Development Bank and the UN Development Programme in Kazakhstan and brings together all stakeholders from the Central Asia Regional Economic Cooperation (CAREC) countries. 300 delegates from representatives of donor organizations, business circles, civil society take part in the work.

The main agenda of the Summit is to solve the problems of financing such goals as:
  • ensuring the availability and sustainable use of water and sanitation for all;
  • access to affordable and reliable energy sources;
  • adoption of measures to combat climate change and its consequences.
The Summit of the regional dimension participants discuss integration of various sources of financing the SDGs into national financing mechanisms. They also raise the issue of identifying financial gaps and developing solutions in two key areas, the success of which will make the maximum contribution to the implementation of the overall task. In 2019, the Summit focused on the SDGs, covering the challenges of the planet and developing partnerships as a way to achieve the Goals.

The First Regional Summit on SDGs was attended by Bolat Uralovich Akchulakov, General Director of KAZENERGY Association. In his speech, he noted that “energy is one of the 17 Sustainable Development Goals”. KAZENERGY Association on a regular basis, as well as in its National Energy Report, considers the need to develop a state Strategy for Sustainable Development, where the goals and objectives of environmental, social and economic development of the country will be interrelated, as well as coordinated with long-term plans for the development of the energy sector. “It is important to note that sustainable development should not only be implemented in environmentally friendly technologies, but also in achieving a balance between the impact on economic and social development,” added the Director General of the Association.

Based on the experience of RES implementation in Kazakhstan, even taking into account the positive results of the transition to the auction mechanism, it should be noted that the current system for supporting RES actually shifts all costs to traditional power plants, which are limited by marginal tariffs. As a result, in the coming years, the costs of power plants for the purchase of electricity from RES will significantly increase, which ultimately can significantly affect the stability of the financial situation of traditional generation.

Bolat Akchulakov proposed to consider the introduction of BAT as a modernization of power plants within the capacity market for the stability and sustainable development of the sector. As a result, the effect of tariff increases will be evenly distributed to all market participants.
The First Regional Summit Mobilizing Finance for Sustainable Development Goals will end on November 16.


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