Having set a goal to reduce greenhouse gas emissions by 44% by 2030 and to achieve carbon neutrality by 2050, the Kyrgyz Republic recognises that renewables – primarily hydropower – will be the driver of zero-carbon policies, given their enormous potential in the country.
This renewables readiness assessment (RRA), developed by the Ministry by Energy of the Kyrgyz Republic with the support of IRENA, aims to further support the country on this path towards the sustainable development of the energy sector through increased deployment of reliable and cost-effective renewable energy solutions.
The report calls for more ambitious and coherent renewable energy targets, combined with a long-term vision for development of the sector. Implementation of well-designed auctions suitable for local conditions is highlighted as a necessity for well-planned and cost-efficient renewable energy deployment, as well as for attracting new investments while reducing perceived market risk. Further improvement of financial and de-risking instruments is also recommended, as are actions for harnessing renewable energy potential in heating.