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Kazakhstan has a decade to prepare for green transition
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Newspaper Article
Kazakhstan has a decade to prepare for green transition
2018
Overview
[...]countries that rely most heavily on fossil fuels are likely to face the highest risks of this transition, due either to their significant dependence on fossil fuel-related revenues or to their reliance on energy-intensive — and energy-emitting — industries. According to our simulations, a worldwide shift to a greener economy and the consequent decrease in demand for fossil fuels could lead to depletion of Kazakhstan’s national savings from oil as soon as a decade from now. Structural transformation that supports growth in the non-oil economy will reduce reliance on fossil fuels, building resilience to the fiscal risks of commodity price movements.
Publisher
The Financial Times Limited
Subject
