Global Environment Facility
1818 H Street, NW, , Mail Stop P4-400, Washington, United States | Energy
The Global Environment Facility (GEF) is an international partnership of 183 countries, international institutions, civil society organizations, and private sector to address global environmental issues.
Serving as financial mechanism for several international environmental conventions, since 1991, the GEF has provided $14.6 billion in grants and leveraged $74.3 billion in co-financing for 4,032 projects in more than 165 developing countries. For 24 years, developed and developing countries alike have funded development projects and programs on biodiversity, climate change, international waters, land degradation, and chemicals and waste. Through its Small Grants Programme (SGP), the GEF has given over 20,000 grants to civil society and community based organizations totaling $1 billion.
Around the world, these investments allowed the GEF to define protected areas the size of Brazil, reduce carbon emissions by 2.3 billion tons, eliminate the use of ozone depleting substances in Central and Eastern Europe and Central Asia, transform the management of 33 major river basins and one-third of the world's large marine ecosystems, and reduce desertification in Africa by improving agricultural practices. Today, these results continue to enrich the livelihoods and ensure food security for millions of people worldwide.
The GEF serves as financial mechanism for the following conventions:
- Convention on Biological Diversity (CBD)
- United Nations Framework Convention on Climate Change (UNFCCC)
- Stockholm Convention on Persistent Organic Pollutants (POPs)
- UN Convention to Combat Desertification (UNCCD)
- Minamata Convention on Mercury
- The GEF, although not linked formally to the Montreal Protocol on Substances That Deplete the Ozone Layer (MP), supports implementation of the Protocol in countries with economies in transition.
The GEF administers the LDCF and SCCF which were established by the Conference of the Parties (COP) to the UNFCCC. The GEF also administers the Nagoya Protocol Implementation Fund (NPIF) that was established by the Convention on Biological Diversity (CBD). In addition, the GEF Secretariat hosts the Adaptation Fund Board Secretariat.
GEF History
The Global Environment Facility was established in October 1991 as a $1 billion pilot program in the World Bank to assist in the protection of the global environment and to promote environmental sustainable development. The GEF would provide new and additional grants and concessional funding to cover the 'incremental' or additional costs associated with transforming a project with national benefits into one with global environmental benefits.
The United Nations Development Programme, the United Nations Environment Program, and the World Bank were the three initial partners implementing GEF projects.
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. The decision to make the GEF an independent organization enhanced the involvement of developing countries in the decision-making process and in implementation of the projects. Since 1994, however, the World Bank has served as the Trustee of the GEF Trust Fund and provided administrative services.
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. In partnership with the Montreal Protocol of the Vienna Convention on Ozone Layer Depleting Substances, the GEF started funding projects that enable the Russian Federation and nations in Eastern Europe and Central Asia to phase out their use of ozone-destroying chemicals.
The GEF subsequently was also selected to serve as financial mechanism for three more international conventions: The Stockholm Convention on Persistent Organic Pollutants (2001), the United Nations Convention to Combat Desertification (2003) and the Minamata Convention on Mercury (2013).
| Company Details | |
|---|---|
| Company Name | Global Environment Facility |
| Business Category | Energy |
| Address | 1818 H Street, NW, Mail Stop P4-400 Washington United States ZIP: DC 20433 USA |
| President | NA |
| Year Established | NA |
| Employees | NA |
| Memberships | NA |
| Hours of Operation | NA |
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