Global Environment Facility (GEF)
The Global Environment Facility (GEF) unites 182 member governments — in partnership with international institutions, nongovernmental organizations, and the private sector — to address global environmental issues.
An independent financial organization, the GEF provides grants to developing countries and countries with economies in transition for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants. These projects benefit the global environment, linking local, national, and global environmental challenges and promoting sustainable livelihoods.
- 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)
- 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 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.
GEF Funds Caribbean IAS Project
Under its small grant programme, the GEF has funded numerous projects in the Caribbean. From 2006 – 2009 it provided $200,000 US as a project development fund for the development of a full sized project “Mitigating the Threat of Invasive Alien Species in the Caribbean”. This project was approved in July 2009 and was officially started in September 2009. Fifty percent of the funding US $3,034,027 is being funded by the GEF with the other fifty percent being contributed by the other collaborating partners. This project is for a 48 month duration.
See Website: http://www.thegef.org/