Conclusion
investments from other international financial institutions to fund more than 500MW capacity of renewable energy .
Conclusion
Although the general investment climate in the country has improved in recent years , investments in renewable energy sources remain risky for Kazakhstan . Oil , gas and coal , which have been the backbone of the country ’ s energy use and economic growth , are key barriers to developing renewable energy . There is also skepticism about lesser known and costlier renewable energy sources . On the other hand , there has been a gradual shift in mentality and policy towards embracing renewables given the country ’ s growing energy demand , inadequate access to electricity in remote and rural areas , anticipated price rises for oil and gas , and concern over the environmental impact of fossil fuel exploitation . In 2017 , Kazakhstan was chosen to host EXPO-2017 , an international green energy exposition . This event was a further push for Kazakhstan to search for projects that make sense for its economy . Progress may be slow and bumpy , but Kazakhstan is on the right track in its pursuit of renewable energy .
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