Conservation Finance

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Dilijan National Park, Armenia
The mountains, forests and lakes of Armenia are some of the last true wilderness locations  in Europe and need to be protected from illegal poaching and logging, and climate change. Since 2010, the Caucasus Nature Fund has done just that – providing more than €5 million in financial assistance to improve management at selected Protected [...]
Geof Giacomini (CNF), Minister Davitashvili and Valerian Mchedlidze (APA) with signed agreement.
Georgia’s Agency of Protected Areas (APA) performs the critical function of managing its precious Protected Areas’ (PAs) system. From Prometheus Cave to Borjomi-Kharagauli, APA is responsible for maintaining protection against poaching and illegal logging, ensuring visitors’ safety and promoting the value of Georgia’s most beautiful asset – its nature. Like most of the world, Georgia [...]
Board of CNF at Signature Ceremony, November 2019
Over the past 10 years the Caucasus Nature Fund has provided nearly 10 million Euro of funding directly to improve the management of and conservation outcomes in the Protected Areas’ (PAs) systems of Armenia, Azerbaijan and Georgia. On November 7th, CNF and Germany’s Development Bank KfW signed an agreement for an additional contribution to CNF [...]
Borjomi-Kharagauli National Park, Georgia by Kvabiskhevi K.G.
On February 28th, the Inception Workshop for the five year “Enhancing Financial Sustainability of the Protected Area System in Georgia” program was held. Funded by the Global Environment Facility through UNDP, this project is implemented by the Caucasus Nature Fund and partners directly with Georgia’s Ministry of Environmental Protection and Agriculture. Working in close collaboration [...]
Signature Ceremony at KfW: G. Giacomini (CNF), O.Zymelka (KfW)
Last week, the German Federal Ministry of Economic Cooperation and Development (BMZ), through the German Development Bank (KfW) contributed €6.8 million to the Caucasus Nature Fund (CNF). Signing the contracts on November 27th, Geof Giacomini, CNF’s Executive Director stated, “BMZ, through KfW has been not only a supporter of CNF but a leader in financing [...]
With the financial support of the Caucasus Nature Fund, Shtigen LLC recently installed two new solar energy systems on the rooftop of Lake Arpi National Park’s Administration building. Based on estimates, one system will generate 32-34 Megawatts of electricity annually, saving nearly $3,000 per year. In comparison with other types of power systems (hydroelectric, nuclear) [...]
Yellow Water-Lily (Nuphar lutea) blossom, Lake Arpi National Park, Armenia
The Yellow Water-Lily, once flourishing throughout Armenia’s wetlands,  exists today only in the Akhuryan river in Lake Arpi National Park, and is currently included in Armenia’s Red Book of Plants as Critically Endangered. Even this though, is good news as it was at one point thought to be extinct due to the rapid decline in [...]
Caucasus Nature Fund Signing Ceremony in Berlin November 16th 2017
The German government  through its Federal Ministry for Economic Cooperation and Development (BMZ) and the KfW Development Bank (KfW), has contributed another €3.5 million to CNF’s core endowment fund, bringing its total contribution to CNF over nearly ten years to €32.5 million. A signing ceremony was held on 16th November in Berlin, where CNF’s Board [...]
Disappointed by a lack of souvenir shopping options after a visit to Georgia’s protected areas, Eva Maria Melchers—member of CNF’s advisory board—started working on a business plan. Two years on, the Caucasus Nature Jewels (CNJ) shop in Tbilisi is a thriving business, providing valuable and ongoing support for the work of CNF. “It was spring [...]
At year-end 2012 we received a new Euro 7 million grant from the German government through its Ministry of Economic Cooperation and Development (BMZ) and development bank (KfW).  This major new grant will be a source of regular funding for years to come. The new grant works as follows:  from now until 2030, CNF can [...]
Conservation Finance | Caucasus Nature Fund