THE EUROPEAN “GREEN AGREEMENT” AND ITS IMPACT ON GEORGIA'S ENERGY SECTORGreen Agreement • May 3rd, 2022
Contract Type FiledMay 3rd, 2022Energy is a key field of not only economic, ecological, climatic, but also political challenges and risks of modernity. Special attention is paid to the energy sector in the context of global climate change. Increasing the use of solar, wind, hydropower, geothermal energy and biomass will reduce greenhouse gas emissions and switch to fossil fuel-based economies of clean sources. The European Union- goals to replace traditional energy with renewables - are becoming more ambitious each time. The “Global Green Agreement”, which should be the basis of the EU's economic vision, provides additional incentives for this.