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Mobilising Finance for Climate Action in Georgia

image of Mobilising Finance for Climate Action in Georgia

This report discusses key issues surrounding finance mobilisation for achieving Georgia’s climate change and green growth targets, and new investment opportunities for developing its capital market. The report focuses particularly on finance for climate change mitigation from various sources – private and public, national and international – but remains relevant for other issues around the country’s green growth agenda, such as energy productivity, air pollution prevention, climate change adaptation, better waste management, conservation of natural resources, and the technologies and innovations that help tackle these issues.

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Creating investment needs: Overview of climate policies in Georgia

Strong and stable climate policies are essential to create demand for investment in climate action in Georgia. Climate policies and regulations that directly affect business opportunities, costs, risk and returns on investment are often uncertain. Indeed, this is one of the most frequently cited barriers to scaling up finance for climate action in Georgia and elsewhere in the world. This chapter provides a brief overview of the country’s nationally determined contribution (NDC) and two key strategic policy documents: the Low Emission Development Strategy (LEDS) and the National Energy Efficiency Action Plan (NEEAP). It also touches upon other strategic policy documents related to climate change mitigation in Georgia.

English

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