The Minister of Economy highlighted the importance of the Middle Corridor of the Trans-Caspian International Transport Route, which is aimed to connect supply chains and logistics between China and Europe, and the Green Energy Corridor project for energy independence of both Georgia and Europe.

Levan Davitashvili, in his comments at the ongoing UN Climate Change Conference in Baku, said that the Green Energy Corridor project also included the Black Sea submarine electricity cable project, allowing the country’s energy sector to be “more attractive to investors”.

“Presentation of this project within the COP is very symbolic, because the agenda that exists in the world today in climate change mitigation is closely related to the green energy, energy policy, because we understand that one of the important contributors to climate change in the world is the energy sector.

In the case of Georgia, more than 60% of the impact comes from the energy sector in terms of climate, therefore, it is very important that the matters on the global agenda, which are related to the reduction of greenhouse gases, are realized within such projects which Georgia, Azerbaijan, Romania and Hungary are implementing jointly.

The cable initiative is a very important project for Georgia from the energy and economic points of view, with its planned implementation the economic landscape in the South Caucasus is changing very significantly”, - said the Minister.

He 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”.