Global Environment Facility
- It is an independently operating financial organization
- It was setup 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.
- Support actions to combat major environmental issues such as climate change, loss of biodiversity, polluted international waters, land degradation and desertification, and persistent organic pollutants, as well as stimulate green growth.
- The program supports an active portfolio of over 200 investments globally.
- GEF serves as financial mechanism for :
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- 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