ISET Policy Institute developed an advanced quantitative model to simulate the potential impacts of energy and environmental policies on the Georgian economy, the Climate Policy Analysis (ICPA), and investigated the economy-wide implications of three alternative policy options (the introduction of differentiated – by sector – carbon taxes, sectoral emission standards, and uniform carbon tax), complying with the emission targets defined in Georgia’s Climate Strategy and Action Plan, to find out the most effective measures and their welfare effects.

ISET Policy Institute, with the financial support of the Norwegian Ministry of Foreign Affairs, is developing training sessions that will provide journalists and advanced journalism students with an introduction to the key concepts and core ideas from energy economics and environmental economics.

In July 2021, Georgian power plants generated 1240 mln. kWh of electricity. This represents a 23% increase in total generation, compared to the previous year (in July 2020, the total generation was 1010 mln. kWh). The increase in generation on a yearly basis comes from the increase of 29% in hydropower generation, while there was a decrease of 91% and 11% in thermal power and wind power generation, respectively.

In June 2021, Georgian power plants generated 1323 mln. kWh of electricity. This represents a 32% increase in total generation, compared to the previous year (in June 2020, the total generation was 999 mln. kWh). The increase in generation on a yearly basis comes from the increase of 32% in hydropower generation, as well as, from an increase in the generation of wind power by 15%.

ISET’s director recently participated in the EU Stronger Together Conference, centered on the EaP Neighbourhood: Promoting the Clean Energy Transition in Eastern Partnership Countries. The conference, highlighting the key achievements and goals under clean energy initiatives, was hosted by the European Commission, the EU Delegation to Eastern Partnership Countries, Council of European Energy Regulators (CEER), Energy Community Secretariat (EnC), and International Energy Agency (IEA).