კონფერენცია

∘ Lasha Kelikhashvili ∘
ASPECTS OF FORMATION OF “GREEN ECONOMY“ AND GOVERNMENT’S ROLE IN THIS PROCESS

Summary

“Green economy” is a new issue in the field of environmental governance. The Rio Conference in June 2012 reflected a trend that focuses on the economic system. Despite the fact that many actors, organizations and politicians hope that the formation of green economy is relatively easy to reach, there is no clear vision of what has to be done. United Nations Environmental Programme (UNEP) report, states that a green economy leads to “improved human well‐being and social equity, while significantly reducing en‐ vironmental risks and ecological scarcities”.

The first goal of the research is to explain the characteristics of “Green Economy” and its relationship to several macro variables. To solve this problem, we need to measure “degree of greenness” and EP and GGE indices are employed for this purpose.

Another goal of the research is to evaluate governmen’ts potential and existing impact on the “dagree of greenness”.

Despite abovementioned indices, other variables, like GDP per capita and government’s expenditure are used during analysis.

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	∘ Lasha Kelikhashvili ∘ ASPECTS OF FORMATION OF “GREEN ECONOMY“ AND GOVERNMENT’S ROLE IN THIS PROCESS Summary “Green economy” is a new issue in the field of environmental governance. The Rio Conference in June 2012 reflected a trend that focuses on the economic system. Despite the fact that many actors, organizations and politicians hope that the formation of green economy is relatively easy to reach, there is no clear vision of what has to be done. United Nations Environmental Programme (UNEP) report, states that a green economy leads to “improved human well‐being and social equity, while significantly reducing en‐ vironmental risks and ecological scarcities”. The first goal of the research is to explain the characteristics of “Green Economy” and its relationship to several macro variables. To solve this problem, we need to measure “degree of greenness” and EP and GGE indices are employed for this purpose. Another goal of the research is to evaluate governmen’ts potential and existing impact on the “dagree of greenness”. Despite abovementioned indices, other variables, like GDP per capita and government’s expenditure are used during analysis.