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Green Financing and Its Instruments Foreign and Georgian Experience

Authors

Rusudan Kutateladze, Nozadze Mzevinar, Medea Chelidze, Beridze Tamari

Rubric:Sociology
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Annotation

At the current stage of society's development, environmental measures related to climate change and sustainable development are highly relevant, which requires financing these measures through additional cash flows. Accordingly, the intensification of sustainable and green financing issues has put on the agenda the need for the emergence of innovative financing instruments and their dissemination in the financial and credit markets. After the adoption of the Paris Climate Agreement and the UN Sustainable Development Goals (SDGs), sustainable financing, including environmental, social and governance (ESG) aspects, is increasingly attracting the attention of the international community. The leader in the field of sustainable financing is the European Union and other UN-subordinated structures that support the creation of a financial system focused on sustainable development. However, Georgia has joined the sustainable and green international agenda together with the EU countries and other developed and developing countries. The main goal of our study is to determine the extent to which Georgia is integrated into the sustainable development envisaged by the global agenda, and, accordingly, which innovative green financing instruments are widespread in the country's financial and credit system.

Keywords

sustainable development
green finance
financing instruments.

Authors

Rusudan Kutateladze, Nozadze Mzevinar, Medea Chelidze, Beridze Tamari

References:

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  3. Nozadze M., Chelidze M., Kapanadze M, Sesadze N. (2024). ''Green Projects and Comparative Analysis of Related Financial Instruments''. Retrieved from Georgian Technical University, Collection of Scientific Works: https://shromebi.gtu.ge/ka/
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