Greening Firms in Georgia - Technical Report
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Washington, DC: World Bank
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Climate change will likely be the
most critical threat to private sector resilience in the
coming years. Despite Georgia’s relatively small
contribution to global carbon emissions, the country has
experienced significant growth in emissions over the past 15
years, showing no signs of decoupling emissions from gross
domestic product (GDP) growth. The private sector
(agriculture, industry, services, transport and commercial
buildings) is a major contributor to the growth of these
emissions, primarily due to energy consumption, leaving
significant room for reducing greenhouse gas (GHG) emissions
through improving energy efficiency and upgrading
technology. The green transition can help Georgia access
global markets and have a more prominent role in global
value chains, fueling export growth. In addition to boosting
efficiency and access to global markets, Georgia needs to
make efforts to transition toward more sustainable growth
processes, given its interest in becoming an EU member. But
despite the urgency of making the private sector more energy
efficient, little is known about current energy efficiency
levels within and across industries and the sources and
barriers that affect firms’ decisions to become greener.
This report uses very detailed firm-level data collected by
GEOSTAT that links information on energy consumption with
technology adoption data to shed some light on these question.
Palabras clave
CLIMATE CHANGE ADAPTATION, CLIMATE CHANGE ADAPTATION IMPACTS, GREENHOUSE GAS ACCOUNTING, CLIMATE CHANGE ADAPTATION FINANCE, GREENHOUSE GAS EMISSIONS FROM WASTE, CLIMATE ACTION, SDG 13