CSI
Center for Strategic Initiatives held a round table
at X Astana Economic Forum
June 16, 2017
On June 16, 2017, the Center for Strategic Initiatives (CSI, www.csi.kz) held a round table discussion titled "Energy of the Future and Role of Kazakhstan in the World Energy System" at the X Astana Economic Forum.

The participants of the round table discussed the key developments in the global energy sector and possible changes to the structure of energy supply and demand in the upcoming decades. The opportunities for providing energy resources for Kazakhstan's own long-term economic growth as well as the role of Kazakhstan as a key energy supplier to the world market were also among key topics of the session. Special focus was on technological innovations in the energy sector for the country's sustainable development.

Top-managers of international oil and gas corporations, heads of international organizations, research centers, NGOs, national companies and Kazakhstan's government agencies took part in this panel session.

The keynote speech was delivered by Kanat Bozumbayev, the Minister of Energy of the Republic of Kazakhstan. He reviewed key achievements in the energy sector in the past few years and noted that Kazakhstan was the first country in Central Asia to adopt the Concept of transition to "green" economy by 2050. One of the key elements of this Concept is a 25% reduction in GDP energy intensity by 2020 and involvement of renewable energy sources that are expected to account for 3% of the total energy mix by 2020. "Green" investments in Kazakhstan are planned to be financed by the UN Green Climate Fund.



The Minister also announced creation of a new International Center of "Green Technologies" on the grounds of EXPO-2017. The Center will assist in achieving the goals of the energy sector transformation, its transition to "green" business, transfer and adaptation of "green" technologies and best practices, development of "green" finance.

The president of Shell in Kazakhstan, Duncan van Bergen, in his presentation covered the issues of global emissions reduction, including main change drivers in the energy systems and mechanisms for their implementation.

In particular, he noted that according to a Shell study, by the end of this century, the 50% share in the global energy balance will be provided by renewable energy such as solar and wind power with increasing share of nuclear power in the total supply.



Well-known scientists and leading Kazakhstan and world experts also participated in the discussion during the panel session. Marcel Alers, the head of energy cluster of the United Nations Development Programme (UNDP) commended the round table organizers, CSI, for the relevance of the session's topic, raised questions and proposed solutions, as well as for the balanced selection of the participants that allowed hearing different points of view.

The discussion was actively supported by representatives of academia and development institutions, such as a Princeton University professor W.Happer, the head of European Bank for Reconstruction and Development (EBRD) in Kazakhstan, A.Preimanis and others.

By the end of the round table discussion, the participants formed a vision of long-term prospects for the global energy industry, specified key energy challenges for Kazakhstan and outlined strategic solutions in the energy sector aimed at achieving the country's long-term development goals.

For reference:

Center for Strategic Initiatives (CSI) is an independent consulting and analytical company in Kazakhstan.

CSI is a National Partner of the World Economic Forum for conducting research on competitiveness and the preparation of analytical materials.

Center for strategic initiatives successfully integrates extensive local expertise with the best international standards and practices, providing services in strategic consulting, analytical research, financial modelling and expert support of various deals for clients form public and private sectors.

CSI's cooperation with leading world companies in the field of strategic consulting, the world leader in financial and media communications market, Thomson Reuters, and recognized experts such as Wood Mackenzie, Rystad Energy and Enzen, gives CSI another significant advantage in providing global expertise to its clients.

CSI works with a wide range of clients in the region, including government agencies, regulators, quasi-public and private companies in area of energy, finance, infrastructure and other sectors.

Among the projects implemented by the company's experts are consulting of such companies as World Bank, Asian Development Bank, Barclays, Lloyd Bank, CNPC, Glencore, ENRC, Exxon Mobil, Arcelor Mittal, RUSAL, Kazzinc, "NC Kazakhstan Temir Zholy" JSC and SWF "Samruk-Kazyna" JSC.



Contact details:

Yernar Zharkeshov

Mobile:+7 7172 95 48 49

y.zharkeshov@csi.kz

For more information, visit the company's website - http://www.csi.kz



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