Deputy economy minister announces new green growth strategy plans
The Georgian economy ministry has plans for developing a green growth strategy for the country, deputy minister Romeo Mikautadze announced at a “high-level dialogue” on sustainable public procurement and eco-labelling in Georgia on Tuesday. Photo: ministry of economy
Tweet 
Share
The Georgian economy ministry has plans for developing a green growth strategy for the country, deputy minister Romeo Mikautadze announced at a “high-level dialogue” on sustainable public procurement and eco-labelling in Georgia on Tuesday.
The ministry cited Mikautadze on saying sustainable public procurement and eco-labelling were “essential components of a green economy”.
In sustainable public procurement, public spending encourages the private sector to improve environmental and social characteristics in its activities, and eco-labeling creates market incentives and incentive mechanisms for consumers to choose products that meet certain sustainability requirements", the minister said.
The official also added implementation of green economy principles in Georgia's private sector was important as it would contribute to the development of competition and growth in employment and income.
Photo: ministry of economy
In order to achieve economic growth in modern conditions, it is necessary to introduce a new type of economic model oriented towards green growth, which will contribute to the modernisation of the country's economy through the introduction of new types of green technologies", Mikautadze said at the conference.
Held with the support of the EU4Environment programme, the discussion aimed to support the development of an eco-labelling system in Georgia and also raise awareness of the domestic authorities, business associations and national stakeholders on etiquette, certification of bio-production and quality mark.
It also involved review of promotion of eco-labelling as an “efficient tool” in providing information to customers.
Georgia joined the Green Growth Declaration of the Organisation for Economic Co-operation and Development in 2016. The declaration aims for the development of a low-carbon sustainable economy and corresponding “smart, safe and sustainable” infrastructure in subject countries.
Georgia is striving to become a leader in terms of green economy and replace its “environmentally unsafe” car fleet with new electric cars in the next 10 years, says Georgian Economy Minister Natia Turnava at the presentation of an electric car manufacturing factory in the western Georgian city of Kutaisi.
The government has two priorities in this strategy: neutralise the results of previously careless environmental management and preserve existing natural resources in a way to ensure that Georgia is perceived as a country with a green economy.
Georgia is finding ways to better use its natural resources and financial capital to turn the country into a ‘green economy.’
Georgia is finding ways to better use its natural resources and financial captital to turn the country into a green economy, states the five-year Environmental Strategy created by Tbilisi City Hall.
The Georgian government expects the country's energy sector to receive investments worth $3 billion over the next three years "if all projects being considered are launched", prime minister Irakli Garibashvili said at the government meeting on Monday.