Financial support for the development of renewable energy Republic of Kazakhstan and Turkey

Abstract

Object: to consider the current state and prospects for the development of public policy in Turkey and Kazakhstan in the renewable energy sector; analyze the problems of the mechanism and system of financial support for renewable energy; give an overview of the provision of various financial support.

Methods: general, general scientific and specific methods of economic research were used, such as: dialectical, analysis, analogy, abstraction, statistical-economic, economic-mathematical.

Findings: Despite the active development of the renewable energy market in the Republic of Kazakhstan, including with the active support of legislation, renewable energy sources still face many difficulties that limit the growth of the industry. One of the main limitations is investment risk. Investment funds in Kazakhstan require more efficient investment in renewable energy sources.

Conclusions: The article examines the systems of financial support for renewable energy sources in two countries. Several key conclusions and proposals were made, highlighting the key role of renewable energy sources. Although challenges remain, the future for renewable energy in Kazakhstan and Turkey is bright. By addressing regulatory challenges, investing in research and development, and improving financial support mechanisms, these two countries can overcome obstacles and continue on their path to a sustainable energy future. Through the combined efforts of governments, private businesses and the public, these countries can not only achieve their renewable energy goals, but also become among the leading countries in the renewable energy sector, paving the way to a greener and more sustainable future.