The International Energy Agency provides a definition of energy security across two dimensions. In a broad sense, energy security is defined as the “uninterrupted availability of energy sources at an affordable price,” while short-term energy security denotes that an energy system has the capability to promptly balance any disruption in the supply-demand equilibrium.

On November 15th, the Deputy Head of the Energy and Environment Policy Research Center, Levan Pavlenishvili, participated in the panel of the “Energy Politics in the South Caucasus: Experiences, Visions, and Challenges” conference.

On September 13, ISET hosted Farhad Taghizaden-Sesary, Professor of Economics at Waseda University, Tokyo, and Senior Assistant to the Dean of Asian Development Bank Institute. Dr. Taghizaden-Sesary delivered a lecture entitled Green Energy Finances.

An open call for prospective enterprises developing cleantech products, systems, processes, or services has been announced. The projects should offer solutions in the area of climate change adaption or mitigation, ecosystem services, renewable energy, water, and sanitation or urban development.

The next energy revolution is on our doorstep, and it is going to be driven by renewable power generation technologies, which potentially allow for a much more decentralized power system and a less heavy network. Still, power transmission network projects worth USD 40 trillion are being financed through different state and private investments all around the world.