The Russian invasion of Ukraine, as well as the global pandemic, have diverted the world’s attention and in general, put climate change and the green economy onto the back burner of the political agenda.

The International Energy Agency provides a definition of energy security across two dimensions. In a broad sense, energy security is defined as the “uninterrupted availability of energy sources at an affordable price,” while short-term energy security denotes that an energy system has the capability to promptly balance any disruption in the supply-demand equilibrium.

According to the last four years’ data, Georgia has a chronic electricity deficit in ten months out of twelve, with the country showing an electricity surplus only in May and June (and, occasionally, in April and/or July). Despite the COVID-19 crisis dampening electricity demand in the country, 2020 was no exception. After two months – May and June – characterized by a positive generation-consumption gap, starting from July 2020 Georgia has been generating less electricity than required to cover consumption.