Global Environmental Facility (GEF)

In this article we will discuss Global Environmental Facility (GEF)

In this article, we will discuss Global Environmental Facility (GEF). So, let’s get started.

Global Environmental Facility(GEF)

  • It is an independently operating financial organization.
  • GEF is a multilateral financial mechanism that provides grants to developing countries for projects that benefit the global environment and promote sustainable livelihoods in local communities.
  • It was set up as a fund under World Bank in 1991.
  • In 1992, at the Rio Earth Summit, the GEF was restructured and moved out of the World Bank system to become a permanent, separate institution.
  • Since 1994, however, the World Bank has served as the Trustee of the GEF Trust Fund and provided administrative services.
  • It is based in Washington DC, United States.
  • It addresses six designated focal areas:
  • Biodiversity,
  • Climate change,
  • International waters,
  • Ozone depletion,
  • Land degradation and
  • Persistent Organic Pollutants.
  • The program supports an active portfolio of over 200 investments globally.
  • GEF serves as a financial mechanism for:
  • Convention on Biological Diversity (CBD)
  • United Nations Framework Convention on Climate Change (UNFCCC)
  • UN Convention to Combat Desertification (UNCCD)
  • Stockholm Convention on Persistent Organic Pollutants (POPs)
  • Minamata Convention on Mercury
  • India is both donor and recipient of GEF.

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