GROWTH POTENTIALS FOR GREEN FINANCING IN KAZAKHSTAN IN THE CONTEXT OF DEVELOPMENT OF DIGITAL TECHNOLOGIES

Abstract

The article considers the current trends in the development of "green" financing in Kazakhstan. The author analyzed the main sources of financing for green projects and environmentally sustainable activities, studied the contribution of international financial organizations, domestic development institutions, the banking sector and the stock market in the development of green financial instruments. In the context of significant progress in the development of the regulatory environment in the field of green finance, there is a need to harmonize regulations and government programs and strengthen them in terms of supporting the development of a green economy. The results of the study showed that in Kazakhstan financial support for green projects is carried out mainly by international financial organizations EBRD, ADB, etc. As a result of the analysis, the reasons hindering the development of green finance from the positions of the financial sector and economic entities were identified. The author formulated a set of relevant recommendations to increase the interest of financial and credit organizations and investors in the development of green financial instruments. During the study of the possibilities of digital technologies, it was revealed that Kazakhstani digital platforms carry out information interaction with the developers of green projects. The author comes to the conclusion that it is necessary to create a fully functioning platform for financing green projects, accessible to a wide range of stakeholders, which will accelerate the development of the green finance market in Kazakhstan.