EIB backs Azerbaijan-led green energy corridor but seeks clarity on financing and risks
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The European Investment Bank has reaffirmed its support for the Caspian–Black Sea–Europe Green Energy Corridor. The bank stated that financing decisions cannot be made yet. This is because the allocation of costs, benefits, and risks among participating countries must be clarified first.
The European Investment Bank (EIB) has reaffirmed its support for the Caspian–Black Sea–Europe Green Energy Corridor, while stressing that the allocation of costs, benefits and risks among participating countries must be clarified before financing decisions can be made.