ADB, EBRD Boost Green Investment in Azerbaijan
The total project cost is estimated at €93 million, with up to €4 million expected as an investment grant.
According to the EBRD, the initiative will have a significant environmental impact by cutting emissions from untreated wastewater, improving water quality, and boosting resilience against climate-related risks.
International financial institutions are stepping up their green investment efforts in Azerbaijan, aligning closely with the country’s strategic goal to diversify its economy and transition from traditional hydrocarbon dependence toward renewable and sustainable energy solutions.
Both the Asian Development Bank (ADB) and the European Bank for Reconstruction and Development (EBRD) have recently unveiled projects that not only advance environmental sustainability but also strengthen infrastructure resilience and private sector development.
Author's summary: ADB and EBRD invest in Azerbaijan's green transition.