dc.contributor.author	World Bank Group
dc.date.accessioned	2023-10-29T21:24:40Z
dc.date.available	2023-10-29T21:24:40Z
dc.date.issued	2023-10-29
dc.description.abstract	This report explores priorities and challenges faced by Georgia to promote green transition and support its businesses to reduce their emissions through energy efficiency. The report stresses the need for improved incentives and opportunities for business investments in energy efficiency and renewables. The report points to the importance of productivity as a driver of energy efficiency at the firm-level, as well as the importance of information and knowledge spillovers from more efficient firms to less efficient ones when these are in close-by locations and in similar sectors. The report finds that key drivers of energy efficiency upgrading include prices of energy, as these generate key incentives for businesses to upgrade their investments and organization, as well as technology adoption and quality green and general management practices. To support green transition, the report recommends a comprehensive policy package of reforms and programs, including: (i) Horizontal economy-wide policies centered around price signals and regulations, improvements to the grid infrastructure, and reliability of electricity services; (ii) Information – raising firms awareness about potential benefits of becoming more energy efficient and available energy saving. (iii) Capabilities - helping firms identify opportunities for improvement of management, organization, technology, and skills; and (iv) Finance - easing access to financial resources required for upgrading firms’ technology. Finally, the report emphasizes the importance of targeting by using appropriate diagnostic and benchmarking tools to assess specific needs and readiness of businesses to upgrade and invest in energy efficiency.	en
dc.identifier	http://documents.worldbank.org/curated/en/099102723075593741/P17775502b602b0670bcc00c6169aeb70b2
dc.identifier.doi	10.1596/40546
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/40546
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank Group
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	GHG
dc.subject	INDUSTRY
dc.subject	EU STANDARDS
dc.subject	RISE
dc.subject	ENERGY EFFICIENCY
dc.title	Greening Firms in Georgia	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Greening Firms in Georgia
okr.date.disclosure	2023-10-29
okr.date.lastmodified	2023-10-27T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Other Environmental Study
okr.docurl	http://documents.worldbank.org/curated/en/099102723075593741/P17775502b602b0670bcc00c6169aeb70b2
okr.guid	099102723075593741
okr.guid	099110123115517468
okr.guid	099102723075512175
okr.identifier.docmid	P177755-2b602bdc-b950-4367-bcc0-c6169aeb70b2
okr.identifier.doi	http://dx.doi.org/10.1596/40546
okr.identifier.externaldocumentum	34186804
okr.identifier.internaldocumentum	34186804
okr.identifier.report	185538
okr.import.id	2176
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099102723075593741/pdf/P17775502b602b0670bcc00c6169aeb70b2.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Georgia
okr.sector	Other Public Administration
okr.theme	Financial Infrastructure and Access,Mitigation,Financial Stability,Economic Policy,Green Growth,Economic Growth and Planning,Financial inclusion,Environment and Natural Resource Management,Finance for Development,Finance,Climate change,Adaptation,Disaster Risk Finance,Payment & markets infrastructure,Financial Sector oversight and policy/banking regulation & restructuring
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Environment::Climate Change and Environment
okr.topic	Energy::Energy Conservation & Efficiency
okr.unit	EFI-ECA-FCI-Finance-1 (EECF1)

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Greening Firms in Georgia