GEF-7; Global Environment Facility (GEF), 7th Replenishment

General

The Global Environment Facility was established in October 1991 as a pilot program in the World Bank to assist in the protection of the global environment. In 1994, at the Rio Earth Summit, the GEF was restructured and moved out of the World Bank system to become a permanent, separate institution. As part of the restructuring, the GEF was entrusted to become the financial mechanism for both the UN Convention on Biological Diversity and the UN Framework Convention on Climate Change. The GEF subsequently was also selected to serve as financial mechanism for three more international conventions: The Stockholm Convention on Persistent Organic Pollutants (2001), the United Nations Convention to Combat Desertification (2003) and the Minamata Convention on Mercury (2013). The GEF strives to achieve global environmental benefits by supporting developing countries in their efforts. After various changes agreed upon during last two replenishment negotiations the work is focused around five thematic focal areas: biodiversity; climate change mitigation; chemicals and waste; international waters; and land degradation. Furthermore, an integrated approach pilot was established during the sixth replenishment negotiations to support activities in recipient countries that can help them meet commitments to more than one global convention or thematic area by tackling underlying drivers of environmental degradation. This synergetic approach will continue in GEF-7 through Impact Programs focused on food systems, forests and cities. The GEF is a network organization. It is composed of independent secretariat and evaluation office, the World Bank acts as a trustee channelling project support to implementing entities such as to the United Nations Environment Program (UNEP). Finland has supported the GEF from the very beginning. The support to the seventh replenishment of the GEF (1.7.2018-30.6.2022) is about 31 million euros. This budget decision covers the remaining part of the total contribution, 4,97 million euros.