Global Environment Facility (GEF) Trust Fund
The Global Environment Facility (GEF) Trust Fund aims to help developing countries and economies in transition contribute to the overall objective of the Rio Conventions including the United Nations Framework Convention on Climate Change (UNFCCC) to mitigate climate change, while enabling sustainable economic development. The GEF is intended to cover the incremental costs of a measure to address environmental issues such as climate change, relative to a business as usual base line. Additionally, the GEF has multiple, focused initiatives:
- Support for Programming Through National Dialogues, which provides resources so that countries can carry out multi stakeholder exercises that help prioritize actions that can be financed with GEF funding
- Non-Grant Support Program, which supports non-grant financial instruments to combat global environmental degradation
- Small-Grants Program, which promotes community-based innovation, capacity development, and empowerment of local communities and civil society organizations
Since its inception, it has provided more than USD 21 billion in grants
On a rolling basis.