THE ROLE OF RENEWABLE ENERGY IN COMBATING CLIMATE CHANGE: AN ECONOMIC PERSPECTIVE IN THE CONTEXT OF COP29

Lia Bibilashvili

Lia Bibilashvili Doctor of Economic Sciences Associate Professor at Gori State University 53 Ilia Chavchavadze Ave, Gori, Georgia http://orcid.org/0000-0001-8016-3544

Abstract

COP29 underscored renewable energy's critical role in combating climate change and driving economic growth. Technologies like wind, solar, and hydropower reduce greenhouse gas emissions while fostering energy security and job creation. This article explores the economic benefits and challenges of renewable energy adoption, with a focus on international collaboration.

Keywords: Renewable energy; Climate change; COP29; Economic growth; Sustainable development; Greenhouse gas emissions; International cooperation; Energy security.