However, the speed of the transition is associated with a high degree of uncertainty, said Dmitriy Mariusin, Deputy Executive Secretary of the Economic Commission for Europe, during the 14th KazEnergy Eurasian Forum recently held online, inbusiness.kz reports.
The goal is “green” energy.
The Minister of Energy of the Republic of Kazakhstan, Magzom Mirzagaliyev, recently said that Kazakhstan, within the framework of the energy transition, intends to provide a 50% share of renewable energy by 2050.
According to him, in the next ten years the republic plans to increase gas production at power facilities, as well as increase the capacity of renewable energy sources. So, by the end of 2020, for 108 billion kWh of electricity generated, the share of generation from coal plants is 69% (74.5 billion kWh), gas – 20% (18.5 billion kWh), and hydropower plants – 8% ( 7.4 billion kWh), renewable energy sources – 3% (3.24 billion kWh).
The Minister of Energy stressed that “according to our plans for the green economy, by 2030 the share of renewable energy sources should be at least 15% of total electricity generation, and by 2050 this figure should reach 50%.”
UNECE Deputy Executive Secretary Dmitriy Mariusin, who was a guest speaker at the 14th Eurasian Energy Forum, outlined a number of challenges that countries will face in the process of energy transition.
The first is the decline in the production of renewable energy in the world in recent years, which is caused by the fact that great progress has been made in the use of renewable energy sources and their cost has fallen dramatically in many countries.
In particular, wind power is very competitive for energy than traditional coal for raw materials.
This means that the renewable energy sector may need less subsidies than before. While government subsidies are disrupting the smooth functioning of markets, they are believed to help mitigate climate change and develop new technologies such as wind turbines and solar panels. But any use of the subsidy should only be a short-term solution, because distortions in the wholesale electricity markets impede investment,” said Mr. Mariasin.
The second problem is the intermittent or intermittent nature of renewable energy. Wind turbines and solar panels that generate electricity depend on weather conditions.
“In order to keep the power system running, there is a need for backup power generation from fossil fuels or nuclear power plants. Flexible operation of power systems is key if we want the light to stay on,” said Mr. Mariasin.
Green technologies should be profitable
The experience of some Western countries shows that the widespread use of renewable energy sources can reduce electricity prices and, at the same time, can slow the much-needed transition to a carbon-neutral future, since generation technologies – green or fossil – must be said by a representative of the Commission The United Nations Economic Commission for Europe (UNECE) has to be profitable if we want to have reliable access to electricity.
“Investors will not invest in energy projects unless they provide reliable returns. A well-functioning energy sector requires huge investments,” Mariasin stressed.
He added that with the efficient use of renewable energy, it is also necessary to take care of the reliability of the electricity supply.
“The fourth energy transition requires countries to focus on the complexities of the process, especially in those countries where fossil fuels are the backbone of the economy,” said Dmitriy Marisin.
According to him, the “fair transition” is now the focus of the Commission on Sustainable Energy of the United Nations Economic Commission for Europe.
Aid for Central Asia
In this regard, Dmitriy Marisin noted that the Panel of Renewable Energy Experts of the United Nations Commission on Sustainable Energy is working to overcome barriers and obstacles to increasing investment in renewable energy in the ECE region.
“ECE sees its role in strengthening international cooperation, including within the framework of the Special Program for the Economies of Central Asia (SPECA), where we would like to strengthen strategic partnerships and support participating countries in developing projects that help connect countries and ensure the functioning of energy markets,” said Dmitry Mariacin. Through regional corridors for the benefit of all.
He expressed his confidence that the exchange of experiences and technologies between countries and the encouragement of cross-border investment within and outside SPECA will accelerate the energy transition in the republics of this region.
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