Blogpost

GEF family of funds set for ambitious investments in nature

“If there is one lesson from 2023, it is that we have no time to lose. The GEF is working to quickly and efficiently deploy all resources that donors have entrusted to us for the 2022-2026 period so that we can generate maximum benefits for our recipient countries and for the planet." 

Carlos Manuel Rodríguez, GEF CEO and Chairperson

The Global Environment Facility’s governing board will start 2024 with decisions on more than $1 billion in funding for climate change adaptation, biodiversity, ocean health, pollution control, and more, as the GEF family of funds continues to expand the support it provides across multiple international environmental conventions.

The GEF Council will consider a $916 million work program – the second-largest in the multilateral trust fund’s history – during its Feb. 5-9 gathering. The representatives of the GEF’s 186 member countries will also consider $203 million in adaptation financing from the Least Developed Countries Fund (LDCF) and Special Climate Change Fund (SCCF), and will constitute the very first board meeting of the new Global Biodiversity Framework Fund (GBFF).

Each of these GEF-managed funds are gearing up for a high-stakes year where countries reeling from record heat and disasters will meet for Conferences of the Parties on biodiversity, climate change, and desertification, and advance collaboration on chemicals, plastics, the ocean, and wildlife...

Read more on the GEF website