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Azerbaijan built its economy on its abundant fossil fuels. The town was destroyed and abandoned during Azerbaijans recent war with the Armenia-backed breakaway region of Nagorno-Karabakh. Bulgaria wants in, as does Armenia. Tensions between Armenia and Azerbaijan remain high, however. The level of the Caspian is falling.
The scheme ’s proponents say this Caspian-Black Sea energy corridor will help decrease global carbon emissions, provide dependable power to Europe, modernize developing economies at Europe’s periphery, and stabilize a region shaken by war. To the south, tensions between Armenia and Azerbaijan remain after the recent war and ethnic violence.
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