RE: MOST PROJECTS ARE OR WILL BE FULLY CARRIED6 Jun 2026 15:26
The European Bank for Reconstruction and Development (EBRD) supports Carbon Capture and Storage (CCS) and related technologies as part of its strategy to assist heavy, "hard-to-abate" industries in meeting the goals of the Paris Agreement.
The bank focuses on CCS in the following ways:
Direct Investments: The EBRD provides financing to build commercial-scale CO2 storage infrastructure and hubs. For example, the bank has backed the EnEarth Prinos project in Greece to develop regional carbon sequestration capacity for hard-to-abate industrial emitters.Transition & Mitigation: The EBRD funds CCS to help reduce greenhouse gas emissions in sectors where full electrification is currently difficult or impossible, such as cement, fertilizer, and oil refining.
Policy Engagement: The bank assists governments and regulatory agencies in developing proper structural frameworks, safety standards, and governance policies for CCS value chains.
So the EBRD is mentioned in our latest presentation and PH has talked about the legislation being worked on... Read that last paragraph about policy engagement, I'm sure the EBRD are involved with the government of Georgia and will most probably be part of the finance package π exciting times coming.