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Mongolia|economy|September 7, 2023 / 09:22 AM
Energy Week Central Asia and Mongolia 2023 to promote clean and renewable energy initiatives

AKIPRESS.COM - The Energy Week Central Asia and Mongolia 2023 will take place in Astana on September 19-20. The event will focus on advancing clean and renewable energy initiatives in the regions,  reported  The Astana Times, citing conference's press office.

The conference highlights the region's significant potential in solar, wind, and hydroelectric power, and its cooperation with international companies to transform Central Asia into a clean energy hub.

To encourage renewable energy adoption, transparent regulations, public-private partnerships, and financial incentives such as tax breaks or subsidies are essential for attracting the private sector investments.

Attracting domestic and foreign investment is a key step toward achieving sustainable development and energy security in the region, as Central Asian countries look to diversify their energy sources and reduce their carbon footprint.

The conference will feature detailed discussion on solar photovoltaic technologies to establish grid-connected solar farms, distributed solar installations, and off-grid systems to power remote areas.

With decreasing costs of solar panels and improving efficiency, solar energy can be used to reduce greenhouse gas emissions, enhance energy security, and create job opportunities in the renewable energy sector.

Wind energy developments in Central Asia and Mongolia present a valuable opportunity to diversify their energy mix and reduce dependence on fossil fuels. As Central Asian countries are strategically positioned to become major green hydrogen exporters, the region's green hydrogen potential is highlighted as a key driver of a low-carbon economy.

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