THE MAIN CHALLENGES OF ENERGY INDEPENDENCE OF GEORGIA

Abstract

Ensuring energy independence is the most significant challenge for the economy of Georgia. In order to overcome the problems related to energy independence and energy security, special importance is attached to the use of renewable energy resources. The research aims to assess the potential of renewable energy resources and determine the possibilities of their use for the sustainable economic development of Georgia. In the research process, statistical data analysis and comparative analysis were carried out; qualitative and quantitative research methods were used. As a result of the research, the main problems and challenges related to the energy independence of Georgia were highlighted, and all the positive and negative aspects related to the use of renewable energies were emphasized. The research presents possible ways of overcoming the challenges related to energy independence: improving the infrastructure of the energy sector; Improving the energy policy: improving the investment environment; creating a transparent and non-discriminatory legal framework; Deepening trade relations with the energy markets of the European Union, implementation of scientific research projects, etc., which in turn will contribute to the increase of energy independence and energy efficiency of the country, improvement of energy security and sustainable economic development.