The GEF administers three trust funds, the Global Environment Facility Trust Fund (GEF); Least Developed Countries Trust Fund (LDCF; and Special Climate Change Trust Fund (SCCF) and   provides secretariat services, on an interim basis, for the Adaptation Fund.

 

 

 

Replenishment of the Trust Fund takes place every four years based on donor pledges that are funded over a four- year period. The funding is made available for activities within the GEF Focal Areas defined during the replenishment discussions.

 

 

The GEF Trust fund has received a total of $10.885 billion during four replenishments. 

 

 

The GEF Trust Fund has 39 donors that have committed funds. They are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, China, Côte d’Ivoire, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, India, Indonesia, Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Portugal, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States.

 

 

 

The SCCF fund is a voluntary trust fund that finances activities, programs, and measures relating to climate change that are complementary to those funded by the resources allocated to the climate change Focal Area of the GEF and to those provided by bilateral and multilateral funding. The Trust fund has 13 donors (Canada, Denmark, Finland, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom) that have made pledges to the SCCF. To date, the GEF has received voluntary contributions of about $120 million for the SCCF.

 

 

 

This is a voluntary trust fund established under the UNFCCC to address the special needs of the 48 Least Developed Countries (LDCs) that are especially vulnerable to the adverse impacts of climate change. To date, the fund has 19 donors: Australia, Austria, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom.

 

The GEF has already mobilized voluntary contributions of about $180 million for the LDCF; its target in the next four years is to reach $500 million, which is the amount estimated by the UNFCCC needed to finance NAPA implementation as well as to move toward a four-year replenishment process.

 

 

 

The AF finances concrete adaptation projects and programs in developing countries that are Parties to the Kyoto Protocol. The AF is funded through monetization of Certified Emission Reductions (CERs) and other sources of funding. The trust fund is administered by the Adaptation Fund Board, to which the GEF provides secretariat services on an interim basis.

 

The AF has benefited from generous donations from countries, some loans during its start-up phase and is now reaching the operational stage, after the monetization of CERs.