Managing director: EBRD explores potential for improving energy efficiency in Azerbaijan's logistics systems

The European Bank for Reconstruction and Development (EBRD) is exploring the potential for increasing the energy efficiency of Azerbaijan's logistics systems, Harry Boyd-Carpenter, managing director of the EBRD Sustainable Infrastructure Group, said in an interview with Report.

"We don't have active projects yet, but we are always looking at opportunities to improve the energy efficiency, to improve the green credentials, especially of the Middle Corridor. So we're investing not just in Azerbaijan, but also in Central Asia. And of course, that logistics route has to be efficient, it has to be quick, but it also has to be green. So we are looking at such projects.

Secondly, you know that Azerbaijan is currently a key exporter of traditional energy, of hydrocarbons. It's clearly looking, and this was also a theme of COP29, to position itself as an exporter of green energy: both its own renewable energy and potentially also Central Asia's renewable energy.

So we are looking at those projects. There's nothing yet ready for finance because these are big, complex projects. But we are certainly looking at the projects and talking about financing options," he noted.

Full interview is available here.