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Community / Land projects / GEF-7; Global Environment Facility (GEF) 7th Replenishment

GEF-7; Global Environment Facility (GEF) 7th Replenishment

€0

01/21 - 12/21

Completed

This project is part of

General

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 b ecome 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 Conventionon 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. 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. This synergetic approach will continue in GEF-7 through Impact Programs focused on food systems forests and cities.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 t he GEF from the very beginning. The support to the seventh replenishment of the GEF (1.7.2018-30.6.2022) is about 31 million euros. This budget decision covers the remaining part of the total contribution 497 million euros.