Impact of the adopted financial processes for carrying out green energy projects in Georgia
Zhakupova A. Aigerim L. Elmira S. Dinara S. Azamat Z.
2021Econjournals
International Journal of Energy Economics and Policy
2021#11Issue 257 - 61 pp.
Green energy is considered the backbone for all the environmental strategies as it impacts the organizations in three key areas, such as the economy, society, and environment. Green energy projects have emerged as the sustainable drivers of economic elevation for a country, replacing the conventional energy sources that damage the ecology to a great extent. In this paper, the primary purpose is to overview the financial processes to pursue green energy. Moreover, this paper has analyzed all the financial mechanisms required in Georgia to carry out green energy projects. This paper has also compared Georgia’s economic mechanisms with those of another developing country, Kazakhstan. For this purpose, this paper has gathered the secondary sources of data to identify the financial processes and the associated risks of Georgia’s financial operations for pursuing the green energy processes. For understanding Georgia’s financial mechanisms, this paper has incorporated descriptive analysis tools and regression analysis.
Economic progress , Energy consumption , Financial development , Financial stability budget , Financial strategy , Renewable energy
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Department of Finance and Data Analytics, Narxoz University, Almaty, Kazakhstan
Department of Accounting and Audit, Academician Y.A. Buketov Karaganda University, Karaganda, Kazakhstan
Academy of Public Administration under the President of the Republic of Kazakhstan, Kazakhstan
Department of Finance and Data Analytics
Department of Accounting and Audit
Academy of Public Administration under the President of the Republic of Kazakhstan
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