The FINANCIAL — Seven Georgian municipalities recently became members of the EU-funded “Covenant of Mayors East” initiative.
The official signing ceremony of the agreement took place in Telavi, Georgia. As a result, the total number of signatories to the EU “Covenant of Mayors East” initiative in Georgia reached 23 towns, according to the EU Neighbours portal.
The Covenant of Mayors East is a flagship EU initiative to reduce CO2 emissions by at least 30% by 2030. It helps municipalities to prepare and implement Sustainable Energy Action Plans, reducing dependency on fossil fuels, improving the security of energy supply, and allowing them to contribute more actively to climate change mitigation.
The Covenant of Mayors East is part of the EU4Energy initiative. EU4Energy covers all EU support to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the Eastern Partner countries (Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine). It does this by financing projects and programmes that help to reform energy markets and to reduce national energy dependence and consumption. Over the long term, this makes energy supply more reliable, transparent and affordable, thus reducing energy poverty and energy bills for both citizens and the private sector.