In August 2021, Georgian power plants generated 1202 mln. kWh of electricity. This represents a 27% increase in total generation, compared to the previous year (in August 2020, the total generation was 949 mln. kWh). The increase in generation on a yearly basis comes from the increase of 20% and 94% in hydropower and thermal power generation, respectively.

Natural resources, such as land, water, air, minerals, forests, and fisheries, all provide fundamental life support, in the form of both public-good and consumptive services, which also greatly affect the quality of human life. As such, a proper Natural Resource Management (NRM) allows for the sustainable utilization of resources and moreover ensures that the services provided continue to be accessible over time.

The Water Policy Outlook study aimed to compare and contrast existing policy frameworks against the long-term strategic plan and vision for the water sector by respective governments. The outlooks aimed to map the future policy challenges and policy reform opportunities required to achieve these long-term strategic objectives.

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.