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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Aizada Zhakupova & Lambekova Aigerim & Syzdykova Elmira & Syzdykova Dinara & Zhanseitov Azamat, 2021. "Impact of the Adopted Financial Processes for Carrying Out Green Energy Projects in Georgia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 57-61.
    • Handle: RePEc:eco:journ2:2021-02-7
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    References listed on IDEAS

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    Cited by:

    1. Ainur Mazina & Dinara Syzdykova & Ainur Myrzhykbayeva & Gulnur Raikhanova & Aliya Nurgaliyeva, 2022. "Impact of Green Fiscal Policy on Investment Efficiency of Renewable Energy Enterprises in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(5), pages 491-497, September.

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    More about this item

    Keywords

    financial development; economic progress; energy consumption; financial strategy; financial stability budget; renewable energy.;
    All these keywords.

    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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