Global Environment Facility (GEF)
The Global Environmental Facility (GEF) is an independent financial organisation that invests in projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.
- 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
The GEF links the 183 member governments with international institutions such as UN agencies, the World Bank and other international development banks. Since it was established in 1991, it has provided $11.5 billion in grants and has leveraged $57 billion in co-financing for over 3,215 projects in over 165 countries. In addition, through its Small Grants Programme (SGP), the GEF has also made more than 16,030 small grants directly to civil society and community based organizations, totaling $653.2 million.
The GEF was established in 1991 as a pilot project of the World Bank. In 1994 GEF was restructured and became its own separate institution and is now based in Washington DC, USA. The Assembly (which represents member countries) meets at least once every 3 to 4 years to review and evaluate GEF policies and projects.
The GEF is funded by member government contributions.
The GEF is a major channel for investment in environmental projects in low income countries. As the financial mechanism for a number of international agreements it is a key play in environmental governance worldwide.