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In its second-to-last gathering of its eighth funding cycle, the Global Environment Facility’s governing body will take stock of major progress towards current targets and consider a new tranche of financing for high-impact initiatives through the GEF Trust Fund, Least Developed Countries Fund (LDCF), Special Climate Change Fund (SCCF), and Global Biodiversity Framework Fund (GBFF). 

The United Nations Framework Convention on Climate Change (UNFCCC) established its Financial Mechanism to facilitate the provision and transfer of resources from developed to developing countries. The Global Environment Facility (GEF) became the initial operating entity of the Financial Mechanism after the Conference of the Parties (COP) to the UNFCCC, and the GEF Council agreed to a Memorandum of Understanding (MOU) in 1996.

This press release is available in French and Spanish.

Este comunicado de prensa está disponible en inglés y francés.

Ce communiqué de presse est disponible en anglais et en espagnol.

The Council of the Least Developed Countries Fund and the Special Climate Change Fund has approved almost $40 million in funding for new projects to boost resilience across Africa and the Pacific.

Least Developed Countries (LDCs) are on the frontline of the climate crisis. The GEF’s Least Developed Countries Fund (LDCF) is the GEF’s dedicated fund for climate change adaptation in LDCs, helping recipient countries to address their short-, medium-, and long-term resilience needs and reduce climate change vulnerability in priority sectors and ecosystems.This publication provides a snapshot of the LDCF’s funding, reach, and impact.View the related publication The SCCF in Numbers >>

The GEF’s Special Climate Change Fund (SCCF) provides dedicated funding to support the climate adaptation needs of Small Island Developing States, and supports adaptation-focused technology transfer, innovation, and private sector engagement across all developing countries.This publication provides a snapshot of the SCCF’s funding, reach, and impact.View the related publication The LDCF in Numbers >>

The Global Environment Facility Least Developed Countries Fund (LDCF) has approved $20 million in grant funding for Bhutan’s new initiative, Enhancing Climate Resilience of Urban Landscapes and Communities in Thimphu-Paro Region (ECRUL). With co-financing commitments of more than $62 million from the Royal Government of Bhutan, the project seeks to tackle the growing climate challenges facing Bhutan’s key urban centers.