Asian Development Bank invests $225,000 to create a green energy corridor across the Caspian Sea, connecting Azerbaijan, Kazakhstan, and Uzbekistan.

The Asian Development Bank (ADB) is investing $225,000 to create a "green energy corridor" across the Caspian Sea, connecting Azerbaijan, Kazakhstan, and Uzbekistan. This initiative, formalized in a Memorandum of Understanding on May 2, 2024, aims to enhance energy cooperation, improve energy security, and promote renewable energy exports to Europe via an underwater cable. The project aligns with the Paris Agreement, fostering sustainable energy practices and regional economic growth.

October 12, 2024
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