Protecting nature makes economic sense. According to a 2021 World Bank report, for every dollar invested in protected areas and sustainable tourism, governments can expect a return of at least six dollars.
A prime example is found high in the Samtskhe-Javakheti region of southern Georgia. At 2,000 meters above sea level, this remote area is a wildlife refuge with alpine landscapes, freshwater lakes, and volcanic plateaus.
Every spring and autumn, the lakes provide a critical stopover for tens of thousands of birds migrating between Europe, Asia, and Africa. Some of these lakes are part of the Emerald Network, a pan-European ecological effort, established under the Bern Convention to preserve Europe’s biodiversity.
The Bugdasheni, Khanchali, Madatapa, and Tabatskuri Lakes in Georgia’s Javakheti region are designated as Emerald sites due to their role in supporting vulnerable bird species such as the Velvet Scoter, Dalmatian Pelican, Common Pochard, and Eastern Imperial Eagle.
The European Union’s “EU4Environment” Program, a program funded by the EU and implemented in part by the World Bank, supports Armenia, Azerbaijan, Georgia, Republic of Moldova, and Ukraine in expanding protected areas like those in Samtskhe-Javakheti and preserving their natural capital.
The program helps countries improve environmental regulations and ecosystem services, enhance practices in the management of protected areas, and foster community engagement around nature conservation.