Green taxes, bioeconomy and sustainable development of Georgian agricultural sector (მწვანე გადასახადები, ბიოეკონომიკა და საქართველოს აგრარული სექტორის მდგრადი განვითარება)
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Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The present-day world faces many challenges, among them is a negative
impact of climate change on the environment and maintaining a stable economic
growth under the conditions of the existing economic system because this system
causes degradation of the environment and exhaustion of natural resources.
Therefore, sustainable economic development is associated with efficient use
of natural resources, boosting of bioeconomy, and implementing green taxation. In Georgia, the role of green taxes in achieving a long-term sustainable
development of the economy and maintaining it is not sufficiently explored.
The aim of the research is to demonstrate the substance and importance of
bioeconomy and green taxes, for ensuring sustainable development of the
agricultural sector.
In accordance with the green economy strategy of Georgia, infrastructural
investments are envisaged in the agricultural sector. The formation of the green
economy sector in agriculture is caused by the existence of significant potential
for the development of bioeconomy in the country.
In case of development and implementation of a state policy supporting
organic farms and bioeconomy, Georgia has resources to develop this sector, in
conditions of regulating entrepreneurial activities by green taxes.
Georgia, as a country with a small economy, can pursue a relatively
aggressive policy for comprehensive implementation of green taxes and
promotion of bioeconomy.
Legislation amendments implemented in this direction, including in the
taxation field, will help the sustainable development of the agricultural sector
and improvement of the investment environment.
Description
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Keywords
Green Taxes, Bioeconomics, Sustainable Development of Agrarian Sector
Citation
Economics and Business, №4, 2021, pp. 152-164