GEF Council approves largest-ever single batch of projects and programs New investments to help bring about transformational change in key economic
New investments to help bring about transformational change in key economic systems
Governments from around the world have agreed a record programme of action aimed at bringing about transformational change around the world to address an unprecedented attack on the Earth's life-support systems.
Attending the Council meeting of the Global Environment Facility (GEF) - one of the premier public funders of action to protect and conserve the global environment - the governments approved a $865.9 million work program, the biggest in its history. This will benefit 91 nations, including 30 Least Developed Countries and 32 Small Island Developing States (SIDS).
At the heart of it are four pioneering “Impact Programs” that set out to tackle the cause, and drivers, of environmental destruction in an integrated way, rather than just deal with its symptoms, as many projects have in the past. It also includes increased financial support to combat the illegal wildlife trade, and new projects to rapidly increase the use of electric vehicles in low- and middle-income countries and to manage toxic chemicals in SIDS.