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New Energy System in the Republic of Kazakhstan: Exploring the Possibility of Creating and Mechanisms of Implementing

Author

Listed:
  • Zhanat Babazhanova

    (Kazakh National University of Arts, 010000, Astana, Tauyelsyzdyk Av., 50, Republic of Kazakhstan,)

  • Bakytgul Khambar

    (?? Economic Research Institute, Astana, Chubary Microdistrict, Temirkazyk Street, 65, Republic of Kazakhstan)

  • Assem Yessenbekova

    (Koksetau Technical Institute of the Committee of the Emergency Situation of Ministry of Internal Affairs, 020000 Republic of Kazakhstan, the City of Kokshetau, Street, Akana-Seri 136)

  • Nalima Sartanova

    (Kostanay State University A. Baitursynov, 110000, Kazakhstan, Kostanay, A. Baitursynov Street, 47,)

  • Fatima Jandossova

    (Analyst of the Sange Research Center, Kazakhstan, Astana, Kabanbai ave, 5/2, office 75, Kazakhstan)

Abstract

The paper represents the analysis of modern data and information on the development of renewable energy sources and energy efficiency in the Republic of Kazakhstan. The purpose of this study is to identify trends in the development of alternative energy sources that are economically feasible at the current stage of the development of the energy complex and allow providing sustained growth in the national economy of the Republic of Kazakhstan. Analytical publications, interviews with experts, and other open sources of information were used as sources of secondary data. The conducted research allows formulating a number of conclusions. The Republic of Kazakhstan has a significant potential for the development of alternative energy. However, their share in total energy production remains rather low and the available capacities of the renewable energy sources (RES) facilities are not fully utilized. In the context of aggravation of global environmental problems, depletion of traditional types of energy and raw material resources, it has proved necessary to create a new energy system based on RES. The Government of the Republic of Kazakhstan needs to develop a long-term concept of rendering sustainable energy services. In addition, it is necessary to implement a set of measures to strengthen the enabling environment, including higher investments into renewable facilities. One of the most promising mechanisms for supporting the RES sector is the introduction of an auction system for selecting RES projects, which will help solve problems with planning and control of the budget to support RES.

Suggested Citation

  • Zhanat Babazhanova & Bakytgul Khambar & Assem Yessenbekova & Nalima Sartanova & Fatima Jandossova, 2017. "New Energy System in the Republic of Kazakhstan: Exploring the Possibility of Creating and Mechanisms of Implementing," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 164-170.
    • Handle: RePEc:eco:journ2:2017-06-21
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    References listed on IDEAS

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    4. Weitzel, Timm & Glock, C. H., 2018. "Energy Management for Stationary Electric Energy Storage Systems: A Systematic Literature Review," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 88880, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    Cited by:

    1. Taner Güney, 2024. "Renewable Energy Consumption and Sustainable Development: A Panel Cointegration Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1286-1301, March.
    2. Gulnar Shaimardanovna Kaliakparova & Y?lena Evgenevna Gridneva & Sara Sarsebekovna Assanova & Sandugash Babagalikyzy Sauranbay & Abdizhapar Djumanovich Saparbayev, 2020. "International Economic Cooperation of Central Asian Countries on Energy Efficiency and Use of Renewable Energy Sources," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 539-545.
    3. Sholpan Saimova & Gulsim Makenova & Aizhan Skakova & Aitolkyn Moldagaliyeva & Ardak Beisembinova & Zhamilya Berdiyarova & Bagdagul Imanbekova, 2020. "Towards a Low-carbon Economic Sustainable Development: Scenarios and Policies for Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 638-646.
    4. Athanasios Dagoumas & Nikolaos Koltsaklis, 2020. "Zonal Pricing in Kazakhstan Power System with a Unit Commitment Model," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 24-36.
    5. XU Jianzhong & Albina Assenova & Vasilii Erokhin, 2018. "Renewable Energy and Sustainable Development in a Resource-Abundant Country: Challenges of Wind Power Generation in Kazakhstan," Sustainability, MDPI, vol. 10(9), pages 1-21, September.

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    More about this item

    Keywords

    energy efficiency; energy saving; GDP energy intensity; renewable energy sources (RES); alternative energy; solar energy; wind power; biofuels;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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