GEF Full Form

What is the full form of GEF?

A unique international financial organization called the Global Environment Facility (GEF) was established by more than 170 nations to address environmental issues. The GEF is a collaboration that relies on the strength of private sector investment, the know-how and creativity of local communities, and the resolve of people worldwide to safeguard their future. The GEF offers grants, loans, and equity investments to enhance environmental management and utilize resources from the business sector. In addition to supporting economic growth, social development, and poverty reduction, it aids nations in achieving their national policy objectives.

This Story also Contains

1. What is the full form of GEF?
2. Structure
3. The Global Environment Facility's Mission

Structure

An Assembly, a Council, a Secretariat, 18 agencies, a Scientific and Technical Advisory Panel (STAP), and an Evaluation Office constitute the GEF's unique governing system.

The Global Environment Facility funds essential international environmental accords.

The following conventions also receive financial support from the GEF:

• Convention on Biological Diversity of the United Nations (UNCBD)

• Framework Convention on Climate Change of the United Nations (UNFCCC)

• Convention of the United Nations to Combat Desertification (UNCCD)

• Convention of Stockholm on Persistent Organic Pollutants (POPs)

• Mercury Minamata Convention

The Montreal Protocol on substances that deplete the ozone layer is supported by the Global Environment Facility even though it is not formally connected. This is especially true of nations with developing economies.

The Global Environment Facility's Mission

• The Global Environment Facility Small Grant Programs offer to fund various initiatives addressing environmental problems such as global warming, land degradation, biodiversity loss, mercury pollution in international seas, food safety, organic pollutants, forest management, and many more.

• They give away about four million rupees, and the typical money for different programmes is about two million rupees. Hundreds of towns and organizations benefit from this grant fund.

• Government, groups, stakeholders, communities, and other organizations support and assist small grant programmes.

• It improves the community's social and economic characteristics.

• SGP (Small Grant Programme) addresses all international environmental challenges while empowering women, local groups, and others.