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Regulatory Impact Assessment (RIA) on Law of Water Resources Management
03 July 2017

Georgia has a number of laws and regulations governing water resources, dating back to the late nineties and partially amended after 2003. Changes, however, have not always followed a clear and coherent strategy. As a result, in the words of the United Nations Economic Commission for Europe (UNECE), the current legislation is an “unworkable and fragmented system”.

Regulatory impact assessment (RIA) of the draft law of Georgia on biodiversity
03 July 2017

ISET-PI is working on a Regulatory Impact Assessment (RIA) on the Draft Law of Georgia on Biodiversity. This project will emphasize the consideration of Sustainable Development Goals in the RIA approach.

Making Nature’s Value Visible as a Step Towards (Greater) Sustainable Development
24 June 2017

After the Rose Revolution, in the name of of economic growth, the Georgian government set aside environmental issues and focused on a quick economic recovery. This is understandable, as the Georgian economy was still recovering from the collapse of the early 90’s, and the pressure to accelerate the process was high. At that time, the existing environmental regulations were perceived as an additional constraint to faster growth, and as potentially fertile ground for corruption.

Eliciting the hidden costs of business – talk by Pavan Sukhdev
25 May 2017

On the 25th of May, ISET was pleased to host the environmental economist and founder of the consultancy company GIST Advisory, Pavan Sukhdev, for a presentation. Starting his career as a physicist, Mr. Sukhdev got interested in the challenges of environmental protection. This led him to investigate economics, particularly aiming at understanding the significance of businesses as a driver of the changes that we see around us as well as third-party impacts, which are known as externalities in economics.

ISET/GIZ host high-level panel discussion on Economics of Nature
24 May 2017

“The Economics of Nature. Can Georgia afford Economic Growth without Taking Care of its Nature?” was the title of a panel discussion jointly organized by GIZ and ISET, and examined an important issue facing the country.

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