Kazakhstan, Trinidad and Tobago and Chad will receive some funding from the $20mn Beyond Oil and Gas Alliance (Boga) fund, to support development of plans to transition away from fossil fuels.
The three oil-dependent economies will receive support from Boga and the NDC Partnership, under an initiative launched at the UN Cop 29 summit in Azerbaijan — the so-called first NDC Window. NDC stands for Nationally Determined Contribution, the climate plans countries have to produce and implement under the Paris Agreement.
Boga, an international alliance launched at Cop 26 in Glasgow, spearheaded by Denmark and Costa Rica, is working to facilitate a managed phase-out of oil and gas production. The NDC partnership is a coalition of developing and developed countries aiming to help developing countries turn climate plans into actions.
Kazakhstan produces around 1.7mn b/d of crude and condensate. The country adopted its first low-carbon strategy in 2022. Chad exports most of its oil production of around 130,000 b/d. Its government said last year it wants to increase oil production to 250,000 b/d by 2030 and the share of renewable energies in national electricity production to 30pc by 2030, from 9pc in 2024. Trinidad and Tobago produces around 50,000 b/d of oil, from a peak of around 144,000 b/d in 2005.
The first NDC Window was aimed at supporting developing oil producing countries seeking to reflect, in their climate plans, energy commitments taken at Cop 28 in Dubai.
The outcome text Cop 28 in Dubai included an energy section calling for "transitioning away from fossil fuels in energy systems", a tripling of renewable capacity by 2030 and for "accelerating action in this critical decade".
The two organisations announced today at the London Climate Week a second window to support development of national and sectoral plans to cut fossil-fuel dependency in developing oil- and gas-producing countries.
Five countries have already benefited from financial support under the Boga fund — Barbados, Brazil, Colombia, Kenya and Nigeria. The latter last year received an initial $800,000 for a two-year period.
