Global Environment Facility (GEF)

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Global Environment Facility

  • It is an independently operating financial organization
  • GEF is multilateral financial mechanism that provides grants to developing countries for projects that benefit global environment and promote sustainable livelihoods in local communities.
  • 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.
  • 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 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.