ASTANA – Kazakhstan has officially launched its Just Energy Transition Investment Platform (QaJET) at COP31 in Antalya, with the European Bank for Reconstruction and Development (EBRD) offering up to $100 million in concessional financing and grants, alongside up to $1 billion in potential direct financing on a non-committal basis.
Kazakh delegation with international partners at the National Pavilion during COP31 in Antalya, Türkiye. Photo credit: Kazakh Ministry of Ecology and Natural Resources “From ambition to partnership. From partnership to investment,” wrote Cristian Carraretto, Head of Energy Transition – Sustainable Business and Infrastructure at the EBRD, in a Nov.
10 LinkedIn post announcing the launch. Developed with the Government of Kazakhstan, the platform aims to accelerate renewable energy development, modernize electricity grids, introduce energy storage systems and expand electrification. It aims to commission at least 10 gigawatts of renewable energy capacity by 2035.
QaJET is part of the Kazakhstan Country Climate Investment Platform (QCIP), presented at the National Pavilion. It brings together government agencies, international financial institutions, climate funds and private investors to develop priority projects and attract domestic and international financing.
The platform operates under the Ministry of Ecology and Natural Resources, with the International Center for Green Technologies and Investment Projects (IGTIC) serving as its secretariat, the ministry’s press service reported. Two memorandums were signed, one between IGTIC and the Development Bank of Kazakhstan, and another between the Ministries of Energy and Ecology and QaJET partners led by the EBRD.
National pavilion showcases green initiatives Operating under the theme Continuity of Times: Past, Present and Future, Kazakhstan’s 250-square-meter pavilion presents environmental projects, green technologies and investment opportunities. Its exhibits include AI-powered digital guides representing Turan tigers Umit and Amur, biodiversity conservation projects, the restoration of the Northern Aral Sea, saiga population recovery and saxaul forest planting on the dried seabed.
Other initiatives include the Central Asian Green Shield program, the KazMethane MRV digital platform for monitoring emissions and detecting methane leaks, industrial waste recycling and the introduction of best available technologies. Traditional Kazakh craftsmanship is represented through a quraq korpe (quilt mattress) installation highlighting resource efficiency and the Zero Waste concept.