Search

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 inaugural results report shows how multilateral climate funds finance delivers real outcomes for people, economies, and ecosystems. This landmark report also reflects a shared commitment to credible, transparent reporting, and a determination for the funds to work together more strategically.

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.

The role of cities in addressing environmental challenges is both critical and transformative. By 2050, 75 percent of the global population is expected to live in urban areas, creating immense pressures on resources, infrastructure, and ecosystems. Amid these challenges, the UrbanShift initiative, funded by the Global Environment Facility, links and amplifies the efforts of complementary global programs using an integrated approach to create the sustainable, low-carbon, and nature-positive cities that we need.

The Enhanced Transparency Framework (ETF) is the backbone of the Paris Agreement. Defined in its Article 13, the ETF is designed to build mutual trust and promote effective implementation of the Paris Agreement, tracking the progress of Nationally Determined Contributions (NDCs). The Global Environment Facility supports developing country Parties in building their institutional and technical capacities to meet the requirements of the ETF through several modalities.

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.

Member countries to consider disbursing $261 million for innovative initiatives across the Global Environment Facility’s family of funds.Council meetings follow the official start of the GEF Trust Fund’s ninth replenishment process.

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 >>