Article 28 of the Cartagena Protocol on Biosafety provides the same financial mechanism for the Protocol as for the Convention on Biological Diversity itself, namely the Global Environment Facility (GEF). The GEF assists developing countries to meet the full incremental costs to them of implementing the measures necessary to fulfill their obligations under the Protocol. Decisions of the Meeting of the Parties provide guidance for the Financial Mechanism. In 2001, the GEF and UNEP initiated a capacity building strategy for States Parties to the Protocol, through a UNEP-GEF project on Development of National Biosafety Frameworks (NBFs). The objective of these frameworks is to prepare Parties to meet their obligations under the Protocol. The project is currently assisting over 120 Parties.
In addition to this, the GEF is financing 12 demonstration projects to support countries in implementing the NBFs, as well as providing assistance for capacity building for participation in the Biosafety Clearing House.
For more information, contact secretariat@biodiv.org