Kazakh President Kassym-Jomart Tokayev has set targets to increase the share of renewable energy sources in the country's energy mix to at least 15%. He said this during the 34th plenary session of the Foreign Investors Council, Qazaq Green reports citing presidential press office.

He noted in his speech the growing potential for the development of renewable and alternative energy. The goal is to bring the share of renewable energy in the country's energy mix to at least 15% by 2030.

The President underscored the key role of the gas industry in reducing the use of coal, noting the increased demand for domestic gas consumption.

“I would like to emphasize that meeting domestic demand for gas has absolute priority over gas exports. I ask the Government in cooperation with the shareholders of Tengiz field to address the issue of redirecting two billion cubic meters of gas from export to the domestic market,” Kassym-Jomart Tokayev instructed.

He also noted the importance of nuclear power. According to the President, in the context of instability of renewable energy and limited gas generation, the peaceful use of nuclear energy is the only source of continuous basic generation.

In conclusion, the leader of Kazakhstan urged members of the Council to intensify actions to implement green projects, mobilize ESG investments and achieve sustainable development goals.

The following participants also spoke at the meeting - President of the European Bank for Reconstruction and Development Odile Reno-Basso, Deputy Prime Minister - Minister of Trade and Integration Bakhyt Sultanov, Minister of National Economy Alibek Kuantyrov, Chairman of the Board of the Association “Kazakhstan Foreign Investors’ Council” Erlan Dossymbekov, Vice President of Asian Development Bank Ashok Lavasa, Executive Vice President of Chevron Corporation James Johnson, CEO of Citigroup in Europe, Middle East and Africa David Livingstone, Chairman of the Board of Directors of ERG Sarl Alexander Mashkevich, Senior Vice President of Exxon Mobil Corporation Neil Chapman, President of the company General Electric in Russia and the CIS Bela Ferenczi, President of Philip Morris International for Eastern Europe Marco Mariotti, President of JSC Polymetal Management Igor Finogenov, Managing Partner of PwC in Central and Eastern Europe Nick Kosh, CEO of Veon Ltd Group Kaan Terzioğlu, Senior Vice President of TotalEnergies for Asia-Pacific Julien Pouget.