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Global Environment Facility

  • 03 Jul 2023
  • 4 min read

Why in News?

Recently, at the 64th Global Environment Facility (GEF) council meeting in Brazil, the governing body approved the disbursement of USD 1.4 billion to accelerate efforts to tackle the climate, biodiversity and pollution crises.

  • This is the 2nd work program of the GEF-8 funding period, which runs from 2022 and 2026.

What are the Key Highlights of the Meet?

  • Global Biodiversity Framework Fund:
    • The Governing board has approved the establishment of a new fund, the Global Biodiversity Framework Fund (GBFF), to finance the implementation of the Kunming-Montreal Global Biodiversity Framework.
    • This fund is crucial as nearly 50% of its resources will be allocated to biodiversity-related work during the GEF-8 period.
  • Fund Allocations:
    • 20% will be allocated to Indigenous Peoples and local communities (IPLCs), 25% to GEF agencies, 36% to SIDS (Small Island Developing States), and 3% to LDCs (Least Developed Countries).
    • The allocation for IPLCs will be reviewed two years after the ratification in August, while the allocations for SIDS and LDCs will be reviewed three years after ratification.

What is Global Environment Facility?

  • It has 184 member countries, including India.
  • Its secretariat is based in Washington, D.C.
  • The World Bank serves as the GEF Trustee, administering the GEF Trust Fund (contributions by donors).

What is GEF Council?

  • The Council, the GEF's main governing body, comprises 32 members appointed by constituencies of GEF member countries (14 from developed countries, 16 from developing countries, and two from economies in transition).
    • India has formed a permanent Constituency in the Executive Council of the GEF together with Bangladesh, Sri Lanka, Bhutan, Nepal and Maldives.
  • Council members rotate at different intervals determined by each constituency.
  • The Council meets twice annually.
  • The Council develops, adopts and evaluates the operational policies and programs for GEF-financed activities.
    • It also reviews and approves the work program (projects submitted for approval), making decisions by consensus.

UPSC Civil Services Examination, Previous Year Questions (PYQs)

Q. With reference to ‘Global Environment Facility’, which of the following statements is/are correct? (2014)

(a) It serves as financial mechanism for ‘Convention on Biological Diversity’ and ‘United Nations Framework Convention on Climate Change’
(b) It undertakes scientific research on environmental issues at global level
(c) It is an agency under OECD to facilitate the transfer of technology and funds to underdeveloped countries with specific aim to protect their environment
(d) Both (a) and (b)

Ans: (a)

Source: DTE

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