CAREC Institute Participates in International Seminar to Promote High-Quality Investment and Financing Cooperation in Renewable Energy
The International Seminar on Innovation-Driven China–Central Asia and South Asia High-Quality Investment and Financing Cooperation in Renewable Energy was successfully held on July 22 in Beijing in a hybrid format. The event was co-organized by the Greenovation Hub, CCETP (the Climate Change and Energy Transition Program) at the Institute of Energy at Peking University, CAREC Institute, and Green Investment Principles (GIP), with support from the World Resources Institute.
The seminar highlighted the urgent need to accelerate renewable energy deployment and improve energy efficiency in Central Asia and South Asia, where countries such as Kazakhstan, Uzbekistan, and Pakistan face rising energy demand and the ongoing challenge of reducing reliance on fossil fuels. Although ambitious renewable energy targets have been set, further policy, technological, and financial support are needed to achieve these goals. Regional cooperation, including growing partnerships with China, is contributing to increased investment in renewable energy; however, challenges remain, such as limited financing channels, the need for more innovative financial products, and enhanced risk management. The event brought together stakeholders from finance, academia, and industry to discuss the current landscape and explore opportunities for greater investment and collaboration.
Representing the CAREC Institute, Director Charymuhammet Shallyyev and Dr. Marina Wang, Senior Research Specialist, actively participated in the seminar and roundtable discussions. In his opening remarks, Director Shallyyev emphasized the urgent need for innovation-driven cooperation in renewable energy investment across China, Central Asia, and South Asia. He highlighted the region’s significant potential, and the pressing challenges related to policy, financing, and infrastructure. Director Shallyyev encouraged transformative collaboration to lead the region toward a clean energy future and invited participants to continue these discussions at the upcoming CAREC Institute flagship event – the Tianshan Forum in Urumqi.
Dr. Wang contributed as a panelist in Roundtable Dialogue II: Sustainable Investment and Financing – Mobilizing Diverse Capital for Regional Renewable Energy Integration. She highlighted the importance of leveraging carbon pricing mechanisms and green financial innovations to drive renewable energy integration and economic transformation in the CAREC region. Dr. Wang shared global best practices, particularly from the European Union’s carbon market experience, and emphasized that well-designed carbon markets can deliver both environmental and economic benefits. She also noted that China and Kazakhstan have made good progress in setting up national carbon markets. However, she emphasized that thoughtful policy design is needed to make sure these markets can effectively support the region’s green transition.
The CAREC Institute looks forward to continuing its work with partners and stakeholders to support knowledge sharing, dialogue, and practical cooperation that can help advance sustainable investment and financing for renewable energy across Central Asia and South Asia.