ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mariam Lobjanidze has not set their biography yet
Dec
03

Pursuing Real Growth: The Importance of This Year’s Nobel Memorial Prize in Economic Sciences for the Planet and for Us

This year has plagued a number of countries with tremendous natural disasters and extreme weather events. Greece was challenged with extensive fires and South Africa with a shortage of water. As late as November this year, the US was still struggling to tame forest fires. Something is certainly happening with the climate. These problems arise from society only been concerned with growth. The issue is that for far too long we have been assuming that economic growth has no impact on the climate and, more generally, on nature. It is especially concerning th...
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Nov
30

Increasing Electricity Imports and Jumping Import Electricity Prices: a Worrisome Development or Data Glitch?

  After the generation deficit of September, the decreasing trend in generation continues, while the gap between consumption and generation keeps widening. Chiefly, compared to September, total electricity generation has decreased by 8% in October 2018, while in contrast with the previous October, 2017, electricity generation has decreased by 5%. This reduction in generation on a yearly basis is specifically due to the decrease in hydropower (-1%) and thermal power generation (-17%), which more than offsets the increase in WPP generation (+4%). Wher...
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Nov
05

Is Russia Back as the Main Foreign Provider of Electricity to the Georgian Market?

After a generation deficit of August, Georgia continues to exhibit a decreasing trend in power generation; compared to August, total electricity generation has decreased by 14% in September 2018. Georgian power plants generated 849 mln. kWh of electricity, while consumption of electricity on the local market was 955 mln. kWh. It should be noted that compared to August, electricity consumption has decreased by 9%.Even though consumption decreased substantially during the month of September, Georgia had to import electricity from foreign power markets. Ove...
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