Decarbonization of mining and steel sectors: experience of Kazakhstan

Abstract

To strengthen its international position, Kazakhstan is updating the transition to economic decarbonization within the framework of the adopted long-term low-carbon development strategy. This article examines the current problems of decarbonization of the mining and metallurgical industry, which is one of the largest atmospheric pollutants. General scientific methods were used, including the descriptive method, methods of retrospective and cause-and-effect analysis, generalization and structuring of initial statistical data presented in the open press. It has been established that in the current situation of economic and political challenges, the growth of investments in renewable energy sources is focused not so much on achieving environmental indicators, but rather reflects the desireof countries importing energy raw materials to increase their energy security. It is substantiated that the development of ESG principles is becoming a primary factor ensuring the competitiveness of enterprises and the priority of internal production goals of sustainable development. The study analyzes the prospects for using the best available techniques in the low-carbon development strategy of industrial enterprises. The authors conclude that achieving carbon neutrality will require the state to adopt a systematic approach to coal mining as the main source of energy generation. It is shown that institutional measures that stimulate the decarbonization of the mining and metallurgical sector of Kazakhstan in the medium and long term will increase energy efficiency and accelerate the transition of industrial enterprises to renewable energy. The example of Kazakhstan can be useful for countries expanding the presence of mining and metallurgical enterprises in the international market by mastering various decarbonization mechanisms, disclosing information on sustainable development and taking into account ESG risks.