Energy Transition in Kazakhstan – Back to the Sustainable Future

The energy market study was prepared as part of the annual energy reviews. In the study, PwC experts analyzed the electricity markets of the world and Kazakhstan, as well as the fossil fuel markets.

The main topics of the research are the energy crisis exacerbated by various geopolitical upheavals, the role of coal in the energy transition and the current state of the renewable energy market. In addition, opportunities for further development of renewable energy sources and clean technologies were identified.

The energy crisis worse in recent years has significantly affected the vector of development of energy markets. The current situation in the world has forced many countries to reopen coal-fired power plants and deposits.

However, the greening of the global economy continues to gain momentum, and the transition will require more investment and increased government support for the sector. 

Kazakhstan continues to develop RES. In the first half of 2022, the share of renewable energy in the structure of electricity generation reached 4.24%, compared to the same period last year, the increase was 17%. At the same time, a further increase in the volume of renewable energy requires economic, infrastructural and legislative reforms.

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