The Global Environment Facility was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems. Since then, the GEF has provided over $19.2 billion in grants and mobilized an additional $101.4 billion in co-financing for more than 4,700 projects in 170 countries. In addition, under the Small Grants Programme, the GEF has financed 23,991 projects in 128 countries.
The GEF Partnership recently agreed to a new direction in its work to achieve greater results and help to meet rising challenges. This agreement is set out in the Summary of the Negotiations of the Seventh Replenishment of the GEF. In combination with its traditional investments under the Conventions, the GEF is:
- Strategically focusing its investments to catalyze transformational change in key systems that are driving major environmental loss, in particular energy, cities and food;
- Prioritizing integrated projects and programs that address more than one global environmental problem at a time, building on the GEF’s unique position and mandate to act on a wide range of global environmental issues; and
- Implementing new strategies and policies to enhance results, including stronger engagement with the private sector, indigenous peoples, and civil society, and an increased focus on gender equality.