Georgia embraces green economy for brighter future

TBC Bank is one of the winners of the Europe Banking Awards 2014. Photo by N. Alavidze / Agenda.ge
Agenda.ge, 22 Aug 2015 - 16:27, Tbilisi,Georgia

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 Strategy, published earlier this month, defined a green economy as one that resulted in reducing environmental risks and ecological scarcities, and one that supported sustainable development without degrading the environment.

To be a green economy an economy must be based on six main sectors, outlined the strategy. These were:

  • Renewable energy;
  • Green buildings;
  • Sustainable transport;
  • Water management;
  • Waste management and
  • Land management.
We should dispel myths that a green economy means the Government will interfere in the private sector that damages the market and is against the market economy logic. In fact, a green economy is much more adjusted to the market than any other models which defy the environmental and social issues,” said the strategy.

One of the concepts the county planned to follow was the Global Green New Deal, which was prepared by the United Nations Environment Programme.

By following this Deal, Georgia must contribute to recovering the world economy, create more jobs and provide social protection to vulnerable groups. Fighting against poverty was another part of the Deal.

The third main concept was to reduce degradation of the ecosystem.

Now, the main task for the county was to increase awareness of the importance of developing a green economy and generate as much public support as possible, outlined the Strategy.

Improving energy efficiency was also on Georgia’s to-do-list.

Furthermore, the Strategy outlined the establishment of a ‘green building standard’ in the capital city. At the same time the Tbilisi City Hall will encourage and support environment protection-oriented businesses and green businesses in general.