CHALLENGES AND PROSPECTS OF GREEN FINANCING IN MODERN GEORGIA

Merab Vanishvili; Medea Chelidze; Gocha Abutidze

doi:10.36074/grail-of-science.20.02.2026.073

CHALLENGES AND PROSPECTS OF GREEN FINANCING IN MODERN GEORGIA

Authors

Merab Vanishvili Georgian Technical University, Georgia https://orcid.org/0000-0001-8908-7605
Medea Chelidze Georgian Technical University, Georgia https://orcid.org/0000-0002-3686-4201
Gocha Abutidze Georgian Technical University, Georgia https://orcid.org/0000-0003-0786-893X

DOI:

https://doi.org/10.36074/grail-of-science.20.02.2026.073

Keywords:

Sustainable development, Sustainable Development Goals, Green Economy, Green Financial Instruments, Green Financing

Summary

This article examines a topic whose relevance is growing due to the need to clarify the concepts of a "green" economy in the new geopolitical and economic environment. The study draws on theoretical approaches to the concept of a "green" economy, reflected in scholarly works on the green economy and green financing, substantiating the need and potential for using new financial instruments in the context of sustainable development. Green financing practices are examined, and the factors influencing changes in previous approaches to financing, administering, and regulating activities related to greening the Georgian economy are analyzed. Proposals to reduce administrative influence in the environmental protection system are particularly prominent.

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References

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