Draft Strategy of SCO Energy Cooperation Development approved

The draft Strategy for the SCO Development of Energy Cooperation until 2030 has been reviewed and approved at the fourth meeting of the heads of the SCO relevant ministries in Astana. It is worth noting that the strategic document was developed at the initiative of Kazakh President Kassym-Jomart Tokayev. It provides for the establishment of a new energy system with priorities set for industry expansion, modernization of traditional energy sources, development of hydrogen energy, as well as exploring new solutions in energy conservation and improving energy efficiency.

«Advancing a low-carbon future, achieving carbon neutrality, and phased energy transition are certainly important points for the development of the energy sector for all SCO countries. We are interested in advancing this direction in the context of global climate change issues, based on national priorities to ensure sustainable socio-economic development and energy security of SCO states. It is paramount to develop advanced, low-emission technologies, mobilize green financing, and enhance personnel to promote citizen welfare and sustainable development,» said Almassadam Satkaliyev, Kazakh Minister of Energy.

For many years, Kazakhstan, Uzbekistan, and the Kyrgyz Republic have been closely cooperating in the field of energy. The countries have signed trilateral agreements to implement major projects. Their implementation aims not only to meet the region’s electricity demand but also to derive mutual benefits, according to Kyrgyz Energy Minister Taalaibek Ibraev.

«Since the Soviet times, all Central Asian countries have been involved in an energy ring. This cooperation continues to this day. Central Asia is keenly interested in accessing the markets of China, India, Pakistan, and other countries, which I believe will be achieved in the near future,» Ibraev said.