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.