The Global Environment Facility (GEF) is an international financial organization that provides grants to support projects and programs aimed at addressing global environmental issues. It was established in 1991 and operates as a partnership between various organizations, including the United Nations Development Programme (UNDP), the United Nations Environment Programme (UNEP), and the World Bank, among others.
The GEF's primary objective is to promote sustainable development by financing projects that address critical environmental challenges, such as biodiversity loss, climate change mitigation and adaptation, land degradation, pollution, and sustainable forest management. It provides grants to developing countries and countries with economies in transition to help them implement environmental projects and meet their obligations under international environmental agreements.
The GEF focuses on several key areas, including biodiversity conservation, climate change mitigation, international waters, land degradation, and chemicals and waste management. It works with governments, civil society organizations, and the private sector to develop and implement projects that have a positive impact on the environment and promote sustainable development.
The GEF operates through a system of replenishments, where donor countries contribute funds to support its activities. These funds are then allocated to projects based on the priorities and policies established by the GEF's governing bodies.
Overall, the Global Environment Facility plays a significant role in supporting global efforts to protect the environment and achieve sustainable development.