Global Environment Facility Trust Fund (GEF Fund)

Donor: 
United Nations
Geographical focus: 
Global
Thematic focus: 
Tourism in general
Sustainability of natural resources in Tourism
Intro text: 
The GEF Trust Fund was firstly implemented by UNEP, World Bank and UNDP. In 1994, after the Rio Earth Summit, GEF became an independent and separate institution. As part of the restructuring, GEF was entrusted to become the financial mechanism for both the UN Convention on Biological Diversity and the UN Framework Convention on Climate Change.

Official website

https://www.thegef.org/gef/

Who can apply?

Countries can be eligible recipients of GEF Grants if their activities promote the purpose of the facility, and any additional criteria determined by the Council. A country can be selected eligible to receive GEF Grants if it is eligible to receive World Bank (IBRD/IDA grants) or if it is an eligible recipient of the UNDP Technical Assistance through its target for resource assignments from the core.

GEF grants from a specific area of work shall be granted according to the convention arrangements.

GEF concessional financing can be also be made available outside those frameworks on terms to be determined by the Council.

Objectives and activities

Objective: Assist countries in the protection of the global environment and to promote environmental sustainable development

Main activities: Main areas of work: projects in global environment, biodiversity, climate change, international waters, land degradation, chemicals and waste in the context of development projects and programmes.

Type and level of funding

GEF provides grants and co-financing of projects in developing countries. Total funding available now: Pilot programme has roughly USD 1 billion, with the possibility to add grants and concessional funding.