Why the EBRD’s financing for the Greece to North Macedonia gas interconnector cannot be considered Paris-aligned
Briefing | 23 June 2025
In April 2024, the Board of Directors at the European Bank for Reconstruction and Development approved a EUR 98 million loan for the ‘Regional Gasification Project’ in North Macedonia, led by state-owned gas company NOMAGAS.
However, this briefing shows that the project cannot be considered to be aligned with the Paris Agreement, despite the Bank’s claims.
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