MIL-OSI Russia: UN Green Climate Fund to Allocate $280 Million to Kazakhstan for Eco-Projects

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

ALMATY, June 3 (Xinhua) — The United Nations Green Climate Fund (GCF) will finance environmental projects in Kazakhstan worth $280 million, the Kazinform news agency reported on Tuesday.

The Minister of Ecology and Natural Resources of Kazakhstan, Yerlan Nysanbayev, announced the new financing program during parliamentary hearings on the implementation of the best available technologies.

According to the minister, the funds received will be used to develop renewable energy sources, stimulate the introduction of low-carbon technologies in the industrial sector, and support the development of electric vehicles.

E. Nysanbaev said that in 2024, in order to promote green projects for the UN GCF, a country program was prepared, including 7 projects aimed at reducing greenhouse gas emissions in the energy sector, increasing the sustainability of centralized water supply systems in rural areas, modernizing livestock farms, and supporting private sector initiatives in the field of green financing.

The total budget for these projects is more than $1 billion, of which the fund is expected to provide $630 million in funding. –0–

MIL OSI Russia News