Kazakh Ambassador briefed about the priorities of Kazakhstan in the development of renewable energy

On May 25, Kazakh Ambassador R.Yesbulatova met Industry Minister of the Kingdom of Thailand Mr. S.Juangroongrungkit.

Starting conversation, parties highlighted the measures taken by the Governments of Kazakhstan and Thailand in preventing further spread of COVID-19, the negative impact of which affected most of the industrial and manufacture sectors of the world.

Discussing the prospects for bilateral cooperation in industry, manufacture and trade in general, the parties agreed on the possibility of interfacing large infrastructure projects of the parties, such as the New Silk Road and the Eastern Economic Corridor. Particularly, Minister supported Kazakh Ambassadors’ opinion about the need to increase the level of mutual investments using mechanisms of various platforms, such as the AIFC, Investment councils, CCI, and etc.

The Diplomat informed the Minister on priorities that the President Tokayev had set to the Government on modernizing the macroeconomic policy of the state, diversifying the economy and further developing the state’s infrastructure.

Additionally, R.Yesbulatova informed the Minister about approaches of Kazakhstan in introducing new natural resource management systems, being a major player in the hydrocarbon market. In this, priorities for the development of renewable energy were noted, and it was also emphasized that by 2050 alternative and renewable forms of energy should account for at least half of the total energy consumption of the country.

Taking into the view the significant experience of Thailand in the field of green economy, and one of the largest national pavilions of the Kingdom at EXPO-2017 became a vivid example, it was noted about necessity of cooperation in the implementation of new technologies, the development of innovative parks with an accelerated transition to a low-carbon economy.

At the end of the meeting, parties agreed to consider the possibility of establishing a closer dialogue between the relevant ministries of both countries after improving the epidemiological situation in the world.