IAS Gyan

Daily News Analysis

Global Environment Facility

30th June, 2023 Environment

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  • A funding package of $1.4 billion was disbursed at the 64th GEF council meeting in Brazil.
  • The package will support 136 countries by helping them focus on action to address climate, biodiversity, pollution crises, conservation of species and habitat los


  • Adequate funds are needed to meet the 4 goals & 23 targets set under the Kunming-Montreal biodiversity framework by 2030.
  • To achieve these goals and targets, it was decided that a new trust fund, GBF, would be put in place to run the projects under the framework.
  • It was decided at the 15th Conference of Parties to the UN Convention on Biological Diversity.
  • Establishment of the GBF fund is significant to ensure adequacy, predictability and timely flow of funds for the implementation of the Kunming-Montreal biodiversity framework.
  • The Global Environment Facility has to ensure that the Global Biodiversity Framework Fund has access to at least $200 billion per year by 2030.

GEF Timeline

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Source: https://www.thegef.org/who-we-are

Distribution of Fund


  • A total of $1.4 billion fund was disbursed. Out of this –
    • $653 million (47% of total) has been set aside for biodiversity.
    • 16 per cent of total fund for climate change.
    • 12 per cent for land degradation.
    • 11 per cent for international waters.
    • 6 per cent for chemicals and waste.

Regions and Organizations

  • It most benefited the Latin America and the Caribbean region.
  • Second most benefitted region was the Africa region.
  • Out of the 18 implementing agencies for GEF
    • The United Nations Development Programme got most funds.
    • It was followed by the UN Environment Programme and
    • Food and Agriculture Organization.


  • Countries’ National Biodiversity Strategies and Action Plans will be supported and made more effective.
  • It will accelerate efforts for Biodiversity programmes across globe.
  • It will help in meeting the targets of the Kunming-Montreal Global Biodiversity Framework (GBF).
  • Developing countries will be able to respond more strategically to environmental concerns.
  • Overall this fund is supposed to have a positive and much needed impact on environment and sustainability of the planet.

Must Read Article:

Global Environment Facility (GEF)


Food and Agriculture Organization (FAO)


UN Environment Programme (UNEP)


UN Development Programme (UNDP)


UN Convention on Biological Diversity


Kunming-Montreal Global Biodiversity Framework



Recently approved $1.4 billion fund at a Global Environment Facility (GEF) council meeting in Brazil would be a significant step to achieve the targets of tackling climate change by developing countries. Critically Analyze. 

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