PERSPECTIVES AND CHALLENGES OF INCLUSIVE GREEN ECONOMY IN GEORGIA

Abstract

The perfect implementation of the inclusive green economy and its further effective development is the most important factor of the sustainable and stable development of the country's economy, which we can safely consider as one of the determining factors of the environmental strategic protection, population protection and social security, and the development of the ecological economy. Despite the critical necessity, the process of transformation of the traditional economy into an inclusive green economy has been an important problem for Georgia in all periods and is still facing great challenges today. According to the Global Green Economy Index (GGEI), Georgia currently ranks forty-fourth among hundreds of countries in terms of green economy development, which in turn is a big successful step towards economic development in the direction of production of renewable and recyclable resources with universal involvement. But, like all important reforms, the process of transformation of the traditional economy into an inclusive green economy requires a lot of effort and financial resources from both the state and the private sector, and each citizen is not immune to the accompanying problems at any stage of its development and regulation. The paper analyzes the process and challenges of establishment, development, management and regulation of universal inclusive green economy in Georgia.