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Enhancing the Green Energy Revolution: Analyzing the Impact of Financial and Investment Processes on Renewable Energy Projects in Kazakhstan

Author

Listed:
  • Shakeyev Sayan

    (1 Academician Y.A.Buketov Karaganda University, Karaganda, Kazakhstan)

  • Baineyeva Parida

    (2 Department of Economics, and Law of the Zhumabek Tashenev University Kazakhstan, Kazakhstan)

  • Kosherbayeva Aigul

    (3 Applied Research Institute at the Academy of Public Administration under the President of the Republic of Kazakhstan, Kazakhstan)

  • Yessenova Gulmira

    (4 Department “Accounting and Finance;, JSC Kazakh University of Technology and Business, Kazakhstan)

  • Zhanseitov Azamat

    (5 Academy of Public Administration under the President of the Republic of Kazakhstan, Kazakhstan)

Abstract

As a fossil fuel-dependent nation, Kazakhstan is caught between issues and possibilities in its search for a sustainable energy transition. Despite its tremendous resources, Kazakhstan’s renewable energy capacity is 1%, much behind its non-renewable peers. According to this research, green fiscal policies in renewable energy firms are needed to reduce the country’s political and economic dependence on the global oil sector. This report emphasizes regional collaboration and Kazakh-stan’s potential leadership in Central Asian Green Economy projects. Kazakhstan can promote renewable energy adoption and economic sustainability by forming regional alliances.

Suggested Citation

  • Shakeyev Sayan & Baineyeva Parida & Kosherbayeva Aigul & Yessenova Gulmira & Zhanseitov Azamat, 2023. "Enhancing the Green Energy Revolution: Analyzing the Impact of Financial and Investment Processes on Renewable Energy Projects in Kazakhstan," Economics, Sciendo, vol. 11(s1), pages 165-182, December.
    • Handle: RePEc:vrs:econom:v:11:y:2023:i:s1:p:165-182:n:9
    DOI: 10.2478/eoik-2023-0057
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    More about this item

    Keywords

    Kazakhstan; Green Economy; Renewable Energy; Investment; Economy Growth;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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