ISET

On September 18, the Energy and Environment Center of the ISET Policy Institute participated in a Public-Private Dialogue (PPD) on a draft law regarding water resource management. The Business and Economics Center (BEC) organized the PPD with the Environment and Natural Resource Committee at the Parliament of Georgia with the involvement of major stakeholders of the water sector. The Chairman of the Environment and Natural Resource Committee, Kakha Kuchava, MP, moderated the meeting. The Draft Law on Water Resource Management and its Regulatory Impact Assessment were presented during the meeting, followed by the assessment of the law from major stakeholders of the sector.

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.

The main obstacle to the development of renewable energy projects is the lack of access to financial resources. Investors often consider renewable energy projects as risky investments; in addition, according to Dr. Taghizaden-Sesary, most investments in renewable energy are characterized by a low Internal Rate of Return.

During the presentation, Dr. Taghizaden-Sesary discussed some methods that couldbe used to promote investments in green energy. To finance large long-term projects, bank loans should be replaced bylong-term investment from institutional investors (such as insurance or pension funds), whose investment horizon and ability to tap into a vast amount of long-term savings are more compatible with this type of investment.

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