The Global Environment Facility (GEF) is the main sponsor of the project. The GEF is an independent financial organization that helps developing countries fund programmes and projects to protect the global environment.
GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer and persistent organic pollutants. GEF grants also help developing countries promote sustainable livelihoods in local communities. Since its establishment in 1991, the Global Environment Facility has provided $6.2 billion in grants and generated over $20 billion in co-financing from other sources to support over 1,800 projects that produce global environmental benefits in 140 developing countries and countries with economies in transition.
GEF funds are contributed by donor countries. In 2002, 32 donor countries pledged $3 billion to fund operations between 2002 and 2006.
UNEP's Division of Technology Industry and Economics (DTIE) promotes environmentally sound management and builds corresponding capacities in governments and the private sector.
UNEP/DTIE as the project implementation agency is participating in cash and in kind in the project through its Renewable Energy and Finance Unit.