CURRENT TRENDS IN THE FINANCIAL SECTOR OF RENEWABLE ENERGY SOURCES IN THE REPUBLIC OF KAZAKHSTAN

Abstract

Kazakhstan, endowed with abundant natural resources, has recently shifted its focus towards the development of renewable energy sources (RES). This transition is driven by a combination of environmental commitments, economic diversification, and energy security concerns. The financial sector plays a crucial role in facilitating the growth of RES, providing the necessary funding, investment frameworks, and incentives. This article explores the current trends in the financial sector of renewable energy in Kazakhstan, examining policy developments, investment trends, and challenges facing the sector.