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Development cooperation, 6/28/2017

Global Environment Facility (GEF); 6th Replenishment (2017 support)

Description

The Global Environment Facility 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 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). The GEF strives to achieve global environmental benefits by supporting developing countries in their efforts. After various changes agreed upon during last two replenishment negotiations the work is focused around five thematic focal areas: biodiversity; climate change mitigation; chemicals and waste; international waters; and land degradation. Starting from the fifth replenishment cycle the GEF has also strengthened its work on sustainable forest management by creating a targeted program. Furthermore, an integrated approach pilot was established during the sixth replenishment negotiations to support activities in recipient countries that can help them meet commitments to more than one global convention or thematic area by tackling underlying drivers of environmental degradation. The GEF is a network organization. It is composed of independent secretariat and evaluation office, the World Bank acts as a trustee channelling project support to implementing entities such as to the United Nations Environment Program (UNEP). Finland has supported the GEF from the very beginning. The support to the GEF was 57.30 million euros during the fifth cycle (2010-2014) and 65 million euros during this round. This decision is a technical modification of the earlier support decision to the GEF.

More information

http://www.thegef.org/

Funding decision 6/28/2017

7 471 724 €

Target region

Developing countries (not specified)

Objectives monitored by OECD's Development Assistance Committee

Aid to environment
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
Maailmanpankkiryhmä

Contact

keo-60

Code for the object of funding

89890005

ID

UHA2017-002959

Created date

6/9/2017

Modified

7/10/2017

Case state

Termination
$$200_MULTI_RELEASE_OF_GRANTS$$
Dissolution of appropriation of funds

Case status

Pending

This document

Updated 7/11/2017

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