Minister of Economy and Sustainable Development Levan Davitashvili announced that the Trans-Caspian and Caucasian Green Energy Corridor project, in which Georgia is actively involved, is a significant international initiative linking Georgia to Europe via an underwater high-voltage transmission line in the Black Sea. He made this statement to the media during the Georgian government delegation’s visit to Baku for the UN Climate Change Conference (COP29).

“The presentation of this project within the COP framework is highly symbolic. Today’s global agenda on climate change mitigation is closely tied to green energy and energy policy, as the energy sector is a major contributor to climate change. In Georgia, over 60 per cent of climate impact originates from this sector. Thus, it is essential that global efforts to reduce greenhouse gas emissions are integrated into projects like this one, which Georgia, Azerbaijan, Romania, and Hungary are jointly developing,” Davitashvili remarked.

He emphasized that the project is critically important for Georgia from both energy and economic perspectives.

“The project enhances the attractiveness of Georgia’s energy sector to investors and is vital for the energy independence of both Europe and Georgia. Its implementation will significantly transform the economic landscape of the South Caucasus,” he stated.

Davitashvili underscored the project’s global significance, noting that it extends beyond regional boundaries and envisions connections with Central Asia and other Asian countries in the future.

“Today, power transmission transcends regional limits. With technological advancements, we see countries joining a global energy network. This increases the competitiveness of participating nations and is economically beneficial for each country involved,” he concluded.