ISET Policy Institute is seeking to hire a Professor/Head of Center for Energy and Environmental Economics Research. ISET-PI offers an intellectually stimulating, collaborative working environment, excellent possibility for professional advancement, competitive salary, and benefits.

On October 6th, ISET-PI research fellow, Levan Pavlenishvili of the Energy and Environment Policy Research Center, participated in a panel discussion organized by World Experience Georgia (WEG) at Ligamus Book shop of Ilia State University. The panel discussed Discussion subsidies in the energy sector and it was attended by representatives of academia and other sector stakeholders including WEG representatives Mr. Murman Margvelashvili and Mr. Giorgi Mukhigulishvili.

ISET-PI analyzed the potential for Georgia to specialize in the production of several types of engineering goods: Insulated wire and cable; Pleasure and sport vessels; Cargo containers; Derricks, cranes, and straddle carriers.

Oil prices have endured a large and persistent decrease due to increased worldwide production and the weakness of global demand. Prices are soon expected to stabilize around USD 60/barrel. ISET-PI and GET have focused on the improved terms of trade that Georgia could potentially see due to its high share of energy imports compared to its GDP indicators.

For resilient economic development in Georgia, the country should encourage exports of higher-value added goods. In this report, ISET-PI and GET have found that Georgia might be able to develop a comparative advantage when it comes to exporting higher-value energy-intensive products. According to projections of its electricity network operator, Georgia will develop excess capacities of low-cost electricity in the next decade.