BAKU, Azerbaijan, November 4. The World Bank will support Kazakhstan to develop a sustainable growth model through ongoing and planned Advisory Services and Analytics (ASA) and Reimbursable Advisory Services (RAS) products, the World Bank official told Trend.
The official noted that an ongoing grant-funded Partnership for Market Readiness (PMR) ASA continues its support to Kazakhstan in strengthening its Emissions Trading Scheme as well as the country's climate change mitigation strategy for its submission of an updated Nationally Determined Contribution (NDC) to the United Nations Framework Convention for Climate Change. A new trust fund ASA will support Kazakhstan's green growth through circular economy approaches.
“Through advisory services, potential RAS, and advocacy, the World Bank could further support the Government's efforts to promote innovative solutions in improving waste management of hazardous/persistent organic pollutants (POPs) and preventing industrial POPs and hazardous waste in key sectors as part of the Europe and Central Asia region umbrella effort to address these Issues in a systematic matter,” the official said.
They noted that the World Bank will also explore opportunities to support establishing green finance instruments for scaling up green programs and projects for integrated GHG emission reduction.