Georgia commits to private investment mobilization in sustainable development. Georgia plans to introduce measures to mobilise private investment in sustainable infrastructure. The country is steadily shifting towards the sustainable utility of various resources by introducing energy-efficient and alternative energy stoves to halt environmental degradation. Through the joint commitment of the state and private sector, the country is planning to further enhance investments for energy-efficient and alternative energy stove production facilities aimed at lowering the pressure on forests.
The commitment falls under focus area 4.
It is relevant to SDGs 12 and 15.
Partners include Green Climate Fund (GCF), GIZ, SIDA, BMZ (Federal Ministry for Economic Cooperation and Development) and the microfinancial organisation “Crystal”.
The commitment is part of the Nicosia call 2022.