67th Global Environment Facility Council

June 22, 2024

The 67th meeting of the Global Environment Facility concluded on June 20, 2024, resulting in significant financial commitments. A total of $736.4 million was approved to support 34 nature conservation and renewal projects globally.

Allocation of Funding

Many types of projects were supported by the money that was given out, including:

19 projects got help from the GEF Trust Fund.
Three projects got help from the newly created Global Biodiversity Framework Fund (GBFF).
The Least Developed Countries Fund (LDCF) generously gave money to twelve projects.
Money for one project was given to the Multi-Trust Fund. A project using a mix of different types of equity also got support.

Key Projects and Objectives

The GBFF gave $37.8 million to improve the management of protected areas in Brazil and Mexico, which is one of the most important projects. The goal of this project is to protect more than 30 million hectares of land and sea, and it includes helping protection efforts led by indigenous people. There are a few important areas that the GEF Trust Fund is focused on

Heavy businesses like cement, textiles, and glass are being worked on in Bolivia and Brazil to cut down on pollution.
Two important projects are being funded in India:

A $6.7 million project to improve the protection of biodiversity and grow protected places that is in line with the Kunming-Montreal Global Biodiversity Framework.
A $10.7 million plan to protect marshes, forests, and grasslands that are important for migrating birds along the Central Asian Flyway. The GEF also supports projects in Argentina and Central Asia that aim to improve the management of protected areas and stop the loss of wildlife. In Namibia, the Game Product Trust Fund aims to make protected areas more financially stable.

About Global Environment Facility (GEF)

Funding Mechanism and Reach: The Global Environment Facility (GEF), established in 1991, serves as a primary funding mechanism for global environmental initiatives, supporting projects in over 170 countries. It has allocated $21.7 billion in grants and mobilized an additional $117 billion in co-financing for diverse projects.
Collaborative Partnerships: GEF is unique in bringing together 183 countries in partnership with international institutions, civil society, and the private sector. This collaborative approach improves the effectiveness and reach of its environmental initiatives.
Support for International Conventions: GEF assists countries in meeting international environmental obligations under conventions such as the Convention on Biological Diversity and the Stockholm Convention on Persistent Organic Pollutants. Additionally, it manages the Least Developed Countries Fund and the Special Climate Change Fund to address urgent environmental challenges.

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