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Donors boost Global Environment Facility contributions to $5.33 billion
Twenty-nine donor governments have finalized $5.33 billion in pledges to the Global Environment Facility for the next four years, an increase of more than 30 percent from its last operating period and a surge of support for international efforts to meet nature and climate targets.
Countries pledge record support to the Global Environment Facility
Twenty-nine countries have jointly pledged more than $5 billion for the Global Environment Facility, providing a major boost to international efforts to protect biodiversity and curb threats from climate change, plastics, and toxic chemicals through collaborative action this decade.
New GEF-funded project to protect forests, boost agriculture, and support livelihoods in Liberia
The Global Environment Facility Council has approved a $74.3 million project to boost conservation and restoration of globally important forests in northwest Liberia that face heightened deforestation threats. The project will also improve livelihoods of local communities facing high poverty rates.
New program to transform global food systems across key commodities in 27 countries
At an event at COP26 in Glasgow, a new $345 million, seven-year program, The Food Systems, Land Use and Restoration Impact Program (FOLUR), will launch projects in 27 countries, targeting the production and value chains of eight key commodities: beef, cocoa, coffee, maize, palm oil, rice, soy, and wheat. FOLUR aims to transform global food and land use systems through a Global Platform and 27 country projects that restore degraded landscapes and intensify sustainable land management practices.
GEF and UNCCD take bold new financing action to fight soil erosion
The largest public fund for the world’s environmental challenges, the Global Environment Facility (GEF), has decided to amend its charter to affirm that it will be the primary financing mechanism of the United Nations Convention to Combat Desertification (UNCCD). The action was taken last week at the fourth GEF Assembly, the governing body of the GEF, in which representatives of all 181 member countries participate.