67th Global Environment Facility (GEF) Council approves $736.4 million funding | Current Affairs | Vision IAS
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67th Global Environment Facility (GEF) Council approves $736.4 million funding

Posted 22 Jun 2024

2 min read

Funding has been mobilized for Projects from the GEF Trust Fund, Least Developed Countries Fund (LDCF), and Global Biodiversity Framework Fund (GBFF), which together are part of the GEF family of funds. 

  •  Includes Projects like Great Green Wall (GGW), Sustainable Cities Integrated Program (SCIP) etc.
    • GGW focused on restoring landscapes and ecosystems across the Sahel region of Africa. 
    •  SCIP is a 20-country program aims to catalyze urban system transformation. 
  • Also includes 2 Indian Projects-
    • Enhancing the conservation and sustainable use of biodiversity to meet commitment to the Kunming-Montreal Global Biodiversity Framework targets
    • CoHABITAT - Conservation and sustainable management of wetlands forest and grassland to secure the population of migratory species along the Central Asian Flyway in India

 

  • These projects are implemented by the UNDP along with Indian Ministry of Environment, Forest, and Climate Change acting as the executive agency. 

About GEF 

  • Genesis: Established in 1992 during the eve of Rio Earth Summit. 
  • About: Partnership of 18 agencies to address world’s most challenging environmental issues.
  • Governance: GEF Council is the main governing body.
  • Functions: Serves as financial mechanism to five conventions (refer to box)
  • GEF Trustee: World Bank.
  • Member countries: 186 countries (including India).
  • Secretariat:  Washington, D.C (US).

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

  • Tags :
  • Global Environment Facility (GEF)
  • Great Green Wall
  • CoHabitat
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