Projects addressing climate change make up a large group of GEF - funded projects. As the financial mechanism for the United Nations Framework Convention on Climate Change (UNFCCC) , GEF receives guidance from the COP on policy, program priorities, and eligibility criteria related to the Convention.Climate change projects are designed to reduce the risks of global climate change while providing energy for sustainable development. GEF climate change projects are organized into four areas:
- Removing barriers to energy efficiency and energy conservation;
- Promoting the adoption of renewable energy by removing barriers and reducing implementation costs;
- Reducing the long-term costs of low greenhouse gas emitting energy technologies; and
- Supporting the development of sustainable transport.
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