IMPROVING ENERGY EFFICIENCY IN GEORGIA: PROGRESS AND POTENTIAL SUPPORT SCHEMES

Abstract Energy efficiency is essential for sustainable development, reducing energy consumption, costs, and environmental impacts. Georgia has made significant progress in this area, aligning its policies with EU and Energy Community Treaty standards. The Law on Energy Efficiency and the Law on Energy Efficiency in Buildings establish regulatory measures and ambitious targets to enhance energy performance across sectors. This review examines Georgia’s energy efficiency progress, focusing on legislative reforms, national targets, and support mechanisms. It also explores best practices from Austria, Croatia, Hungary, Bulgaria, Romania, and Slovakia, highlighting financial support measures such as grants, soft loans, and tax incentives. Despite advancements, Georgia faces challenges, including low public awareness, technical skill shortages, and weak financial incentives. The National Energy and Climate Plan (NECP) targets a 15% reduction in energy consumption by 2030, requiring structured policy implementation and financial backing. Future efforts should enhance financial mechanisms, promote energy audits, enforce regulations, and raise public awareness. By adopting international best practices and strengthening its policies, Georgia can achieve its energy efficiency goals while ensuring long-term energy security and economic resilience.