World Bank approves financing for Caspian pollution, biodiversity project


BAKU, April 13 (Xinhua) -- The World Bank has approved a five-year project worth 8.24 million U.S. dollars to strengthen pollution monitoring and biodiversity protection in the Caspian Sea, Report news agency said on Monday.

The initiative, titled "Blueing the Caspian Sea: Building Capacities for Pollution Management and Biodiversity Conservation," is expected to benefit Azerbaijan, Kazakhstan and Turkmenistan. The project will receive 11.74 million dollars in grant financing from the Global Environment Facility.

The implementation will be coordinated by the United Nations Environment Programme, while the United Nations Office for Project Services will receive a 183,489 dollar grant to develop environmental and social framework tools and strengthen cross-country cooperation.

World Bank funding will support two components: pollution monitoring management worth 3.15 million dollars, aimed at developing systemic approaches and comparable water quality assessments, and biodiversity planning management worth 4.25 million dollars to improve protected area management and track population status.

The project seeks to enhance pollution control systems and increase the effectiveness of marine protected areas across the Caspian Sea, which hosts around 400 endemic species. The bank warned that the sea's level has decreased significantly in recent decades and could drop by 8 to 30 meters by 2100 due to climate change and economic use of water resources.

In Azerbaijan, the initiative will assist the Ministry of Ecology and Natural Resources in developing a marine pollution monitoring scheme, including policy tools, a national seminar and staff training. The project will also support biodiversity measures focused on Caspian seals and sturgeon, alongside plans to expand marine protected areas within Absheron National Park.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Explainer-Why is Sudan at war, and what is the impact?
US to kick off tariff refunds process next week
Fresh Israeli strikes kill 16 in southern Lebanon
No deal if Iran pursues nuclear weapons, warns Trump
Swedish power plant targeted by pro-Russian group in 2025, government says
Iran says message exchanges with US continue, set to host Pakistani delegation
Ships sail from Iranian ports despite US blockade threats
Trump says discussion with Iran could resume soon, as US blockades Iranian ports
Heavily armed man arrested near Trump's LA golf club
Lula, Flavio Bolsonaro tied in potential election runoff, poll shows

Others Also Read