An amount of $736.4 million will be allocated towards environment protection at the Global Environment Facility (GEF) council meeting being convened in Washington, DC, starting June 17, 2024.
About Global Environment Facility:
It was established on the eve of the 1992 Rio Earth Summit of UNFCC to help tackle our planet’s most pressing environmental problems.
It is a family of funds dedicated to confronting biodiversity loss, climate change, pollution and strains on land and ocean health.
It provides financial assistance for five major international environmental conventions:
Minamata Conventionon Mercury.
Stockholm Conventionon Persistent Organic Pollutants (POPs).
United Nations Convention on Biological Diversity (UNCBD)
United Nations Convention to Combat Desertification(UNCCD).
United Nations Framework Convention on Climate Change (UNFCCC).
It has 184 member countries, including India.
The governing council is the main governing body of GEF which comprises 32 members appointed by constituencies of GEF member countries (14 from developed countries, 16 from developing countries, and two from economies in transition).
Secretariat: Its secretariat is based in Washington, D.C.
The GEF Trust Fundwas established to help tackle our planet’s most pressing environmental problems.
Funds are available to developing countries and countries with economies in transition to meet the objectives of the international environmental conventions and agreements.
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