Green growth strategy: how is the renewable energy sector in Georgia progressing, and what else is still required?
Monday, 03 April, 2023

The increasing proportion of renewable energy in the world’s overall energy supply indicates the growing popularity of renewable energy globally. From 2010 to 2021, this percentage rose from 3.2% to 5.2%, while modern bioenergy increased from 5.7% to 6.7%. However, the demand for energy is also rising, and limited resources may prove unable to fully meet this demand in the future. As such, increasing the proportion of renewable energy is a crucial component in the fight against climate change, and it is a key objective within the green growth strategy. The energy crisis caused by the Russia-Ukraine War has moreover highlighted the significance of energy security within national security. Recent events have thus accelerated the transition towards renewable resources and necessitated further drastic change. Consequently, the European Union has established a long-term policy that includes regulating natural gas storage, reducing natural gas demand, and diversifying energy supplies. Countries with notable potential for exploiting renewable energy sources and exporting the energy they generate are therefore growing increasingly more significant. Georgia is also a part of this global process, one which aims to transition to renewable energy. It is essential to evaluate the current energy market in Georgia, the role of renewable energy in this market, and its growth potential. This policy report provides a brief review of Georgia’s policies and the legislative framework related to renewable energy, and it explores difficulties in the sector and potential solutions.