Kazakhstan launched the Green Economy Plan in 2013. According to the Green Economy Plan, Kazakhstan committed to meet 50% of its energy needs from alternative and renewable sources by 2050.[157] The government has set the goals that a transition to the Green Economy in Kazakhstan occur by 2050. The green economy is projected to increase GDP by 3% and create more than 500,000 new jobs.[158]
Ostona Expo 2017"Nur Alem" Pavilion
The government of Kazakhstan has set prices for energy produced from renewable sources. The price of 1 kilowatt-hour for energy produced by wind power plants was set at 22.68 tenge ($0.12). The price for 1 kilowatt-hour produced by small hydro-power plants is 16.71 tenge ($0.09), and from biogas plants 32.23 tenge ($0.18).[159]
To'g'ridan-to'g'ri xorijiy investitsiyalar
Kazakhstan has attracted $330 billion in foreign direct investment (FDI) from more than 120 countries since its independence.[160] According to the US State Department, Kazakhstan is widely considered to have the best investment climate in the region.[161] In 2002 the country became the first sovereign in the former Soviet Union to receive an investment-grade credit rating from an international credit rating agency. Foreign direct investment (FDI) plays a more significant role in the national economy than in most other former Soviet republics.[162] President Nazarbayev signed into law tax concessions to promote foreign direct investment which include a ten-year exemption from corporation tax, an eight-year exemption from property tax, and a ten-year freeze on most other taxes.[163] Other incentives include a refund on capital investments of up to 30 percent once a production facility is in operation.[163] Janob Suma Chakrabarti, prezidenti Evropa tiklanish va taraqqiyot banki (EBRD), cochaired the Kazakhstan Foreign Investors’ Council with President Nursultan Nazarbayev.[164] In May 2014, the EBRD and government of Kazakhstan created the Partnership for Re-Energizing the Reform Process in Kazakhstan to work with international financial institutions to channel US$2.7 billion provided by the Kazakh government into important sectors of Kazakhstan's economy.[165] The partnership will boost investment and drive forward reforms in the country.[165] As of May 2014, Kazakhstan attracted $190 billion in gross foreign investments since its independence in 1991 and it leads the CIS countries in terms of FDI attracted per capita.[166] One of the factors that attract foreign direct investments is country's political stability. According to the World Bank's report, Kazakhstan is among the top 40% of countries in the world that are considered the most politically stable and free of violence.[167] Kazakhstan also received high ratings in a survey conducted by Ernst va Yang in 2014. According to EY's 2014 Kazakhstan Attractiveness Survey, "Investor confidence in Kazakhstan’s potential is also at an all-time high with 47.3% of respondents expecting Kazakhstan to become increasingly attractive over the next three years."[168] The high level of economic, political and social stability and Kazakhstan's competitive corporate tax rate were the primary reasons mentioned for its attractiveness.[168] The OECD 2017 Investment Policy Review noted that "great strides" have been made to open up opportunities to foreign investors and improving policy to attract FDI.[169]