Transforming the world's energy systems, cities, and land-use systems to become low-carbon and resilient will require a large-scale change in global finance flows. The magnitude of financing is in the order of trillions of dollars per year, of which a large amount comes from the private sector. It is therefore critical that scarce public resources are deployed in a way that catalyzes the required redirection of finance. Blended finance aims to achieve exactly that, and therefore has attracted significant interest in recent years.
The world’s oceans and coastal ecosystems provide critical services — food security, livelihoods and coastal protection — for billions of people. Yet these valuable ecosystems lack sustainable governance resulting in continued degradation due to over and destructive fishing, habitat loss and pollution compounded by climate change. Because of their transboundary nature, these multi-country systems represent international public goods making ocean governance particularly complex.
Today, soy, beef and palm oil yield about $92 billion a year to producers, many of whom are small-scale rural farmers. These commodities thus become important in many local and national economies. Therefore, sustainability within commodities will only be achieved by linking long-term national sustainable development plans with day-to-day value chain management.
GEF Integrated Approach Pilot: Fostering Sustainability and Resilience for Food Security in Sub-Saharan Africa
The challenge of food security in Africa will intensify in the coming decades. Demand for food will increase sharply in Africa as the African population is set to double by 2050, and as the population in parallel become more affluent. At the same time, with a chronic food deficit, one-quarter of its population undernourished, the lowest crop yields in the world and poor soil quality, Africa’s starting point in terms of food security is challenging. Climate change will further exacerbate the risks facing agriculture in Africa, which is dominated by small farms with few assets and limited capacities to adapt.
Cities consume over two-thirds of global energy supply, and are responsible for 70% of greenhouse gas emissions. Cities are also uniquely vulnerable to climate change: 14 of the world’s 19 largest cities are located in port areas. Climate change adds to the urgency of sustainable urban planning and management, and to the an already broad set of challenges for many city governments revolving around providing jobs, services and housing to growing urban populations
Our numbers tell a story about the depth and breadth of the GEF’s activities: In its 24-year history, the GEF has invested $14.5 billion directly, and leveraged $75.4 billion in additional resources, for 3,946 projects in 167 countries.
Rooted in our role as a financial mechanism for the Rio Conventions and other multilateral agreements, the GEF is uniquely placed to help buttress the health of the global commons—the planet’s finite environmental resources, from land and forests to oceans and the atmosphere—which are essential for a thriving world.
Climate change affects every nation and every person. Droughts, violent storms, sea-level rise and other changes are destabilizing critical ecosystems, undermining economic activity and jeopardizing livelihoods across the globe. The climate is a vital Earth system, that if compromised will put everyone’s future prosperity and well-being at risk.
Urgent action is needed to drastically cut greenhouse gas emissions, invest in adaptation and build resilience to the growing impacts of our rapidly warming world.
A GEFSTAP advisory document.