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Energy transition and renewable energy investment cooperation in Central Asia 中亚能源转型与可再生能源投资合作

 Author: Pang Guanglian, Wang Shuang, Wang Yu  Category: Central Asia, Chinese Scholarship, Energy, Journal, Transition  Publisher: International Petroleum Economics, 2019(2), vol. 30, 76-83  Publication Date: 2019

There are large variations in market size among the Central Asian countries of Kazakhstan, Uzbekistan, Turkmenistan,Kyrgyzstan and Tajikistan,w hich are rich in oil and gas and renewable energy resources such as wind, solar, and water power. Their traditional oil and gas energy structure is also facing the pressure of energy transition due to the goal of achieving carbon neutrality. Driven by a series of policies and regulations, Kazakhstan’s renewable energy development has entered a fast lane; Uzbekistan’s low-carbon development strategy has strongly promoted the further development of renewable energy; the Kyrgyz government has actively introduced policies and measures to support renewable energy; Turkmenistan has built a number of clean energy power generation projects; and Tajikistan is making great efforts to build hydropower stations. China and Central Asia should deepen the Belt and Road Initiative and promote energy cooperation, strengthen the construction of energy industry chain to promote energy security, focus on renewable energy cooperation and promote regional carbon neutrality,i ncrease green financing and establish a long-term cooperation mechanism, follow geopolitical developments, and strengthen risk prevention.