Republic of Kazakhstan: Selected Issues
IMF Staff Country Reports, January 31, 2025
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- Republic of Kazakhstan: Selected Issues
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Bibliographic details
- Published: January 31, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229000253.002
Summary and key findings
- The paper takes stock of climate-related challenges and policies in Kazakhstan.
- Kazakhstan faces increasingly pressing climate-related risks, including from catastrophic natural events, and from potential losses in output and jobs due to global decarbonization.
- The authorities have made significant progress in tackling these challenges through adaptation, mitigation and transition policies.
- Quantitative analyses show Kazakhstan is relatively well positioned to address climate-related challenges, benefiting from substantial policy space, buffers, and significant prospective public resources from future carbon taxation.
- These buffers and prospective revenues will help cushion potential adverse impacts of economic greening and transformation, especially on the most vulnerable population groups.
Policy priorities and recommendations
- Phase out fossil-fuel subsidies.
- Raise carbon prices.
- Facilitate the transition to renewable energy sources.
- Establish early warning systems for catastrophic climate events.
- Integrate climate considerations in fiscal and monetary policies.
- Tailor certain reforms to carbon-intensive sectors.
Thematic coverage and scope
- Major themes covered: adaptation, mitigation, and transition policies; catastrophic natural events; output and employment risks from global decarbonization; fiscal and monetary integration of climate considerations; sectoral reform in carbon-intensive industries.
- Subject tags listed: Business cycles, Credit, Economic growth, Environment, Financial cycles, Financial sector policy and analysis, Greenhouse gas emissions, Money, Non-renewable resources.
- Keywords listed: Business cycles, climate policy scenario, Credit, D. policy consideration, Financial cycles, Global, Greenhouse gas emissions, IMF-ENV model description, IMF-ENV scenario result, Non-renewable resources, Policy recommendation.
Content in this bundle
- Republic of Kazakhstan: Selected Issues; IMF Country Reoprt No. 25/31; November 12, 2024