Economists disagree whether it was a good decision to reestablish the Georgian competition authority. When some years ago it was removed, the underlying logic was that a non-existing authority cannot be corrupt, and, more importantly, cannot harm the economy through misguided decisions. Assuming that corruption will not be a problem for the competition authority, neither now nor in the future, regulating markets is still a highly delicate issue which yields many possibilities to go wrong.
Green policies might stimulate growth in Georgia through various effects, depending on the sector they target. For example, monetizing emission reductions has a high potential for success and could be marketed to other countries as a sustainable solution to automotive emission.
In a sense, life was relatively simple back in the Soviet Union days. Consumers had few choices, and material aspirations were limited to the unholy trinity of “apartment, car, and dacha”. That said, homo Sovieticus spent enormous amounts of time and energy chasing material goods ranging from potatoes to nylon stockings and cars.
The purpose of this event was to discuss the role of energy and water supply sectors for job creation and poverty reduction, as well as suggest improvements to existing policies affecting access to, and efficient use of, scarce resources. Georgia, just like other countries of the South Caucasus region, is characterized with significant energy poverty.
BP in Georgia has implemented a number of projects related to renewable energy and energy efficiency through its Sustainable Development Initiative. The projects are designed to raise awareness about energy efficiency and provide subsidies for households to implement energy efficiency measures. In addition, several social programs related to increasing the efficiency of energy use and renewable energy have been implemented over the last four years.