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The GEF provides financial resources for developing countries and countries with economies in transition to implement the Convention on Biological Diversity (CBD). The goal of the GEF-8 (2022-2026) biodiversity focal area strategy is globally significant biodiversity conserved, sustainably used, and restored. To achieve this goal, GEF-8 investments will focus on three main objectives:

By Inger Andersen, director general, IUCN Two competing narratives frame the debate of the future of the global commons, of the earth’s operating system, on which all life depends. One pessimistically claims that it is already too late to avoid catastrophe and that we must therefore now focus on survival and recovery. The other is a stubborn optimism, which argues that humanity has faced and overcome many great challenges in the past and will continue to do so. The first leaves people in despair, the second risks indifference and denial.

The GEF has invested more than $60 million and leveraged $120 million in co-financing in over 100 countries in support of the third objective of the Convention on Biodiversity (CBD): “the fair and equitable sharing of the benefits arising out of the utilization of genetic resources, including by appropriate access to genetic resources and by appropriate transfer of relevant technologies, taking into account all rights over those resources and to technologies, and by appropriate funding”.