Global Environment Facility (GEF)
Development cooperation , 01.11.2013

Global Environment Facility (GEF)

Description

The Global Environment Facility (GEF) was established in October 1991 as a pilot program in the World Bank to assist in the protection of the global environment. In 1994, at the Rio Earth Summit, the GEF was restructured and moved out of the World Bank system to become a permanent, separate institution. As part of the restructuring, the GEF was entrusted to become the financial mechanism for both the UN Convention on Biological Diversity and the UN Framework Convention on Climate Change. The GEF subsequently was also selected to serve as financial mechanism for two more international conventions: The Stockholm Convention on Persistent Organic Pollutants (2001) and the United Nations Convention to Combat Desertification (2003). According to the Instrument the goal of the GEF is to try achieve global environmental benefits and therefore it operates as the financial mechanism for the multilateral environmental agreements. The GEF focal area strategies cover: (i) biodiversity; (ii) climate change mitigation; (iii) international waters; (iv) land degradation; and (v) chemicals, including POPs and ODS. In the replenishment negotiations for the 5th replenishment period (1.7.2010-30.6.2014) it was decided to include also sustainable management of chemicals and mercury to programming, furthermore, the GEF further strengthened its commitment to REDD+ financing. Finland has supported the GEF from the beginning, the contribution to the fourth round was about 31 million euros and for the fifth about 57 million euros. This is the last installment of the fifth replenishment cycle.

More information

http://www.thegef.org/gef/

Funding decision  01.11.2013

13 650 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Aid to environment
  • Desertification
  • Biodiversity
  • Climate change - mitigation

Field of activity

  • Environmental policy and administrative management 100%

Type of aid

Core contributions to multilateral institutions

Funding channel

Maailman ympäristörahasto

Contact

keo-60

Code for the object of funding

89890005

ID

UHA2013-006176

Modified

19.11.2013