Renewable Energy Facility M&A In Kazakhstan: Due Diligence Issues For Consideration

As of September 2022, 52 countries had approved their low-carbon development strategies. European Union and the United States of America set carbon neutral targets by 2050 and China by 2060.

In December 2020, at the Climate Change Ambition Summit (organised by the UN, the UK, France in partnership with Chile and Italy), President Tokayev K.K. announced a new goal for Kazakhstan to achieve carbon neutrality by 2060, confirming Kazakhstan's commitments under the Paris Agreement on Climate Change (Paris, 12 December 2015).

The Strategy for achieving carbon neutrality of the Republic of Kazakhstan until 2060 was developed taking into account global climate trends and in compliance with relevant international obligations. According to the Strategy. The development of RES will act as a key condition for successful decarbonisation. Therefore, wind, given its quality and availability in the country, will be a key resource for development in the earlier stages, while