Solving the Energy Trilemma: Armenia’s Transition to Energy Abundance

The Aram Manoukian Institute for Strategic Planning announced the release of its latest white paper, “Solving the Energy Trilemma: Armenia’s Transition to Energy Abundance.” Authored by Vardan Adibekyan and Ridhi Aggarwal, with contributions from Ely Sandler, this study provides a roadmap for transforming Armenia’s energy landscape amid mounting geopolitical and environmental challenges.

Armenia stands at a pivotal moment in its energy trajectory, confronted by acute dependence on imported fuels and the pressing need for long-term sustainability. This paper examines Armenia’s energy security challenges through a detailed analysis of its current energy mix, infrastructure vulnerabilities, and geopolitical dependencies, particularly closed borders due to the conflict with Azerbaijan, dependence on Russian capital for domestic energy infrastructure, and reliance on Russian imports for gas and nuclear fuel.

Read the full white paper here.

The Aram Manoukian Institute for Strategic Planning has been formed to work with experts in various fields to develop plans for the future of the Armenian nation in Armenia, Artsakh, and the Diaspora. The overarching vision of the Institute is to work towards the creation of a prosperous and just society in Armenia, Artsakh, and the Armenian diaspora, where the rights and dignity of all individuals are respected and where peace, democracy, and sustainable development are achieved.

ABOUT THE AUTHORS

Vardan Adibeyan specializes in macroeconomic research, climate finance, and energy sector analysis. He has over a decade of experience working at the Central Bank of Armenia. He graduated from Harvard Kennedy School with a Master’s in Public Administration in International Development.

Ridh Aggarwal specializes in carbon finance and clean energy access in South Asia and Africa. She has over five years of experience conducting impact evaluations, socioeconomic research, and designing policy interventions for development programs. She graduated from Harvard Kennedy School with a Master’s in Public Administration in International Development.

ABOUT THE CONTRIBUTOR

Ely Sandler is a Research Fellow at the Belfer Center’s Science, Technology, and Public Policy Program with a background in economics and finance, having previously worked at Morgan Stanley and as a senior consultant to the World Bank.