Creating investment needs: Overview of climate policies in Georgia

Strong and stable climate policies are essential to create demand for investment in climate action in Georgia. Climate policies and regulations that directly affect business opportunities, costs, risk and returns on investment are often uncertain. Indeed, this is one of the most frequently cited barriers to scaling up finance for climate action in Georgia and elsewhere in the world. This chapter provides a brief overview of the country’s nationally determined contribution (NDC) and two key strategic policy documents: the Low Emission Development Strategy (LEDS) and the National Energy Efficiency Action Plan (NEEAP). It also touches upon other strategic policy documents related to climate change mitigation in Georgia.