The need for stakeholder engagement, including information dissemination, consultation, and stakeholder participation, is a cornerstone feature of the work of the GEF. This has been recognized very early in the GEF, when the Council approved the Policy on Public Involvement in GEF Projects.
From Community to Cabinet: Two Decades of GEF Action to Secure Transboundary River Basins and Aquifers
Two Decades of GEF Action to Secure Transboundary River Basins and Aquifers
Many globally traded agriculture products have become indispensable fixtures in the human food chain; making their way into a vast array of foods and goods consumed by billions of people around the world. They represent a significant part of the global commodities trade and have become dominant economic forces in many national and local economies. The environmental footprint of these products in the quest to feed a growing population and meet the aspiration of a rising global middle class has been nothing short of dramatic.
Drawing on its experience in utilizing debt, equity and risk mitigation products in the past, the GEF is now launching a $110 million pilot program to demonstrate and validate the application of non-grant financial instruments to combat global environmental degradation.
Together with our dedicated climate adaptation funds, the GEF aims to accelerate climate finance during in the next four years. The newly completed sixth replenishment of the GEF Trust Fund (GEF-6) will enable the GEF to make about US$3 billion available for climate finance, and leverage up to US$30 billion from other sources.
Illegal trade in wildlife and wildlife parts is an emerging driver of biodiversity loss. The problem is particularly acute in Africa, where iconic mammals are under siege. Over the past several years, elephant and rhino populations have fallen as poachers slaughter them for their tusks and horns to be sold on the black market, mainly in Asia.
The GEF has supported ABS for more than a decade. As the financial mechanism of the Convention on Biological Diversity (CBD) the GEF has assisted parties in building the capacities to comply with the third objective of the Convention, “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”.
The Global Environment Facility (GEF) has engaged in pioneering development of mechanisms that reward good stewardship of natural resources, including the structuring of Payment for Ecosystem Services (PES) schemes. For the GEF, the concept of PES includes a variety of arrangements through which the beneficiaries of ecosystem services compensate those providing the services. This publication summarizes the investments of GEF in PES from a variety of institutional, thematic and geographic perspectives. The publication also highlights some of the trends and opportunities for the establishment of PES schemes to generate global environmental benefits. Investments have ranged from global projects aiming at building the human and institutional capacity necessary to establish PES schemes, to stand-alone agreements between buyers and sellers in watersheds of high biodiversity value.