Summary

Georgia, as well as the whole modern world, in light of the development and technological breakthrough, is facing many environmental challenges.  Georgian government sees the green economy as one of the most important means of development and comes up with the initiative to conduct voluntary activities supporting sustainable development. Therefore, it is important to support development of ecosystem services, clean production, environmental education and green jobs. Georgian Government is well aware of benefits of Green Economy to humanity and environment.

To eliminate economic losses caused by global warming and support introduction of energy saving and environmentally friendly technologies, alongside with efforts of Georgian government, it is important to attract investments from international funds. Moreover, protection of forests and rational use of resources should be considered, which will boost the social and economic wellbeing of people as the development of agriculture, hydropower, tourism and other sectors of economy depends on the forest ecosystem. Taking into account goals of modern forest management such as sustaining the biodiversity of forest, recreational use and soil protection, its implementation and introduction of modern technologies will reduce costs associated with forest degradation and promote increase of economic benefits through development of better ecosystem services.

In 21st century, it is a green economy, that has a highest capitalization potential. It is a huge opportunity for our small economy, but it is essential to be consistent in our actions. This is an important precondition, alongside with the fundamental reform of education sector, for Georgia having a modern economy and European institutes, inducing our Abkhazian and Ossetianfellow citizens to build a strong and European Georgiatogether.

Key Words:Sustainable development,green policy, natural resources