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The GEF’s adaptation support in the Least Developed Countries (LDCs) is delivered through the Least Developed Countries Fund (LDCF). The LDCF is the only multilateral fund that focuses exclusively on the unique climate adaptation challenges of LDCs and is embraced by LDCs as their own. The fund has a strong track record of supporting LDCs to address adaptation priorities over more than two decades. It delivers targeted support to the world’s most vulnerable countries, and their people and ecosystems.

In June 2022, the LDCF/SCCF Council developed a new climate change adaptation strategy for the 2022-26 period for the Least Developed Countries Fund (LDCF) and the Special Climate Change Fund (SCCF). This strategy outlines enhanced innovation, technology transfer, and private sector engagement as a key priority for both LDCF and SCCF Programming. The GEF’s focus in this area is responsive to UNFCCC guidance.

The Special Climate Change Fund (SCCF), established by the United Nations Framework Convention on Climate Change (UNFCCC) in 2001, is managed by the Global Environment Facility. To date, its portfolio of 88 projects has been supported by $364 million in grant resources. It is delivering adaptation benefits to nearly 9 million vulnerable people in developing countries, building resilience through improved management of 5 million hectares of land, and mainstreaming climate resilience in 462 policies and plans.

The Global Environment Facility welcomes the draft agreement reached on Saturday [March 4, 2023] under the UN Convention on the Law of the Sea on the conservation and sustainable use of marine biodiversity in areas beyond national jurisdiction, known as BBNJ.

Embargoed: 00:01 UTC+1, Wednesday, March 1, 2023 LIBREVILLE, March 1, 2023 - Supporting and scaling up innovative nature finance, including biodiversity-positive carbon credits, and nature certificates or credits, could help close the significant gap in funding for the safeguarding and restoration of biodiversity and benefit Indigenous People and local communities, according to a new report launched by the Global Environment Facility and the International Institute for Environment and Development (IIED).

Embargo : 00h01 UTC+1, mercredi 1er mars 2023