Mobilising Finance for Climate Action in Georgia

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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.



Foreword and Acknowledgements

The nationally determined contribution (NDC) of Georgia, communicated to the United Nations Framework Convention on Climate Change (UNFCCC), stresses that substantially limiting Georgia’s greenhouse gas (GHG) emissions to meet its climate goals requires greater investments in low-carbon technologies throughout the country. More broadly, Georgia’s Socio-Economic Development Strategy – “Georgia 2020” – provides a clear vision for development. The strategy highlights three key principles: fast and efficient economic growth; inclusive economic growth, envisaging the universal involvement of the population in the development process; and rational use of natural resources, ensuring environmental safety and sustainability and avoiding natural disasters. All of them inevitably require further policy reforms to mobilise various sources of finance for economic growth that is green, stable and inclusive.


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