ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
May
03

Namakhvani HPP – Threat or Opportunity?

  INTRODUCTION The Namakhvani Hydropower Cascade is a system of two plants with a total capacity of 433 MW and potential yearly generation of 1496 mln. kWh (around 13% of the total generation in 2020). The HPP has been designed for the river Rioni, to be built just 20 kilometers or so from Kutaisi, one of the largest cities in Georgia. The project is operated by the Norwegian Clean Energy Group, with 10% shares, and the Turkish industrial conglomerate, ENKA Insaat ve Sanayi AS, holding 90%. It is also linked to a 15-year Power Purchase Agreement (PP...
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Nov
30

Food Security and COVID-19 in Georgia

Food supply systems are crucial to the economies of most developing countries, supplying the largest share of food production, and constituting livelihoods and a key source of income for the majority of the population (FAO, 2020). It is therefore vital to maintain the steady flow of goods and services required from local and international food supply chains to ensure the health of the population, and to protect their incomes and livelihoods. Lockdowns from the COVID-19 pandemic have created logistical issues and posed challenges to the function of food s...
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Oct
05

COVID-19 Strikes Again: How the Pandemic is Affecting Georgia’s Energy Security

  Many of us well-remember the cold winter of 2006 when the Russian Federation cut its natural gas supply to Georgia. In general, it is clear that diversification in energy import markets reduces the risk of socio-economic shocks following political tensions with other countries. Fortunately, Georgia managed to find an alternative to the Russian supply and started importing gas from Azerbaijan. This blog will review the current gas import situation and discuss the expected trends in natural gas supply security. As Yergin (2006) notes, the primary fa...
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Jan
24

Earth Is not Cool, It Is Getting Hotter!!!

Did you know that: • the 20 warmest years on record have been in the past 22 years? • average wildlife populations have dropped by 60% in just over 40 years (60% between 1970 and 2014)? • every year, nearly 1 million hectares (larger than New York City) of coastal ecosystems are destroyed? • in the past 20 years, 4.2 billion people have been affected by weather-related disasters, including a significant loss of lives? These and other broader changes such as rising sea levels, accelerating ice melt, shifting seasons, etc.  occurring on earth are...
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