Effective use of renewable energy resources is a determining factor of sustainable economic development

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Date
2023
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Ivane Javakhishvili Tbilisi State University Press
Abstract
The whole history of mankind is related to development of fuel-energy because deficit and abundance of energy resources significantly determines economic and political development of any country. Global financial, energy and environmental crisis has drastially changed the view about future of fuel-energy development. Civilized world now believes that following 40-50 years we will face absolute exhaustion of resources and there will be difficulties in application of such resources with respect to environment. Therefore, countries are challenged to pursue energy-saving policy, to focus on new renewable energy sources due to lack of fuel resources which may delay efficient consumption of natural fuel-energy resources. Currently, energy safety and fuel-energy policy represents a significant and critical problem not only for Georgia but for the whole world because demand of states for oil and natural gas is steadily increasing and political leaders of those countries that have no such resources, face a big dilemma on how to meet their state’s needs for energy at a reasonable price and to observe sustainable energy safety. Countries that own or have access to large amounts of energy supplies seek to use this advantage as a foreign policy tool.
Description
1.G. Mukhigulashvili. & T. Kvaratskhelia.(2013). Renewable Energy Sources and Thier Development, Tb ., Experience; 2. D. Chomakhidze.( 2015). Tb., Georgian Energy System; 3. L.Khikhadze. (2011).Potencial of Renewable Energetic Resources and its Utilization perspectives in Georgia, International Scientific-practical Conference, Sokhumi State University, Tb., p., 123-127, 18-19 November; 4. L.Khikhadze.(2017). Advantages and Isadvantages of Using Renewable Energy resources in the Development of the Heating and Energy System: World Experience and Practice for Georgia. Collection of Works: Structural and Innovative Problems of Economic Development. Tb.,TSU, Paata Gugushvili Research Economics Institute. E ISSN 2587 4691 www.energy. gov.ge www.energenow. com www. bioenergy.ge
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Citation
VIII International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2023, pp. 483-489
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