კონფერენცია

∘ Nino Talikadze ∘
THE CONCEPT OF GREEN ECONOMY AND GEORGIAS POSITION IN THE GLOBAL GREEN ECONOMY

Summary

The green economy provides people's well-being and social equity, significantly reducing environmental risks and ecological losses. The green economy is a model of economic development based on sustainable development and knowledge of ecological economics. It creates green jobs, provides sustainable economic development, and reduces environmental pollution, climate change, environmental degradation and risks to exclude resources. It stimulates business to produce green products and services.

According to the 2018 Global Green Economy Index (GGEI), Georgia is taking an intermediate position among world countries. On the other hand, according to the Environmental Performance Index (EPI), Georgia meets only in the second half of the world, but with improved indicators. Georgia is rich in natural resources and has the potential for rapid development.

As the trends show, many countries around the world are actively involved in the green economy, because it is the business opportunity of the 21st century. Since the population of the world is constantly growing, and the volume of natural resources remains the same, and even more - decreases, the green economy is as important as ever. Тo ensure green economy, it is important to have national green growth plan to create enabling conditions in the country, also, it is important to have green growth policy instruments to tap spatial and resource system opportunities.

The country can use the principles of green growth (or their elements) to achieve stable development and competitive advantage. However, stability is dependent on the coordinated action of strong interest groups.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Nino Talikadze ∘ THE CONCEPT OF GREEN ECONOMY AND GEORGIAS POSITION IN THE GLOBAL GREEN ECONOMY Summary The green economy provides people's well-being and social equity, significantly reducing environmental risks and ecological losses. The green economy is a model of economic development based on sustainable development and knowledge of ecological economics. It creates green jobs, provides sustainable economic development, and reduces environmental pollution, climate change, environmental degradation and risks to exclude resources. It stimulates business to produce green products and services. According to the 2018 Global Green Economy Index (GGEI), Georgia is taking an intermediate position among world countries. On the other hand, according to the Environmental Performance Index (EPI), Georgia meets only in the second half of the world, but with improved indicators. Georgia is rich in natural resources and has the potential for rapid development. As the trends show, many countries around the world are actively involved in the green economy, because it is the business opportunity of the 21st century. Since the population of the world is constantly growing, and the volume of natural resources remains the same, and even more - decreases, the green economy is as important as ever. Тo ensure green economy, it is important to have national green growth plan to create enabling conditions in the country, also, it is important to have green growth policy instruments to tap spatial and resource system opportunities. The country can use the principles of green growth (or their elements) to achieve stable development and competitive advantage. However, stability is dependent on the coordinated action of strong interest groups.