Impact of the Adopted Financial Processes for Carrying Out Green Energy Projects in Georgia

Aizada Zhakupova, Lambekova Aigerim, Syzdykova Elmira, Syzdykova Dinara and Zhanseitov Azamat
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Aizada Zhakupova: Department of Finance and Data Analytics, Narxoz University, Almaty, Kazakhstan
Lambekova Aigerim: Department of Accounting and Audit, Academician Y.A. Buketov Karaganda University, Karaganda, Kazakhstan,
Syzdykova Elmira: Department of Accounting and Audit, Academician Y.A. Buketov Karaganda University, Karaganda, Kazakhstan,
Syzdykova Dinara: Department of Accounting and Audit, Academician Y.A. Buketov Karaganda University, Karaganda, Kazakhstan,
Zhanseitov Azamat: Academy of Public Administration under the President of the Republic of Kazakhstan

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 2, 57-61

Abstract: 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.

Keywords: financial development, economic progress, energy consumption; financial strategy; financial stability budget; renewable energy. (search for similar items in EconPapers)
JEL-codes: O44 Q16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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