Global Environment Facility holds first meeting for its ninth replenishment

Global Environment Facility holds first meeting for its ninth replenishment

Global Environment Facility holds first meeting for its ninth replenishment

How did your country report this? Share your view in the comments.

Diverging Reports Breakdown

Global Environment Facility holds first meeting for its ninth replenishment

Member governments and partners of the Global Environment Facility met in Paris from May 20-21 to discuss priorities and ambitions for the multilateral trust fund’s next four-year funding cycle. The meetings brought together representatives of donor and recipient countries, civil society, and observers from the wider partnership. The next formal replenishment meeting is scheduled to be held in Botswana from October 8-10, 2025. A final decision about the size and ambition of the GEF-9 funding envelope is expected to be taken in 2026. The meeting was co-hosted with the World Bank.

Read full article ▼
Member governments and partners of the Global Environment Facility met in Paris from May 20-21 to discuss priorities and ambitions for the multilateral trust fund’s next four-year funding cycle that will run from July 2026 to June 2030.

The meetings brought together representatives of donor and recipient countries, civil society, and observers from the wider partnership, including implementing agencies, environmental conventions, and the private sector, to formally start discussions about the ninth replenishment cycle (GEF-9).

The GEF-9 investment period aligns with a crucial time for the world to make progress toward 2030 environmental goals, and growing inter-related threats including biodiversity loss, pollution, and a rapidly warming planet.

The meeting was opened by Agnès Pannier-Runacher, Minister of Ecological Transition, Biodiversity, Forests, Sea and Fisheries of France, who highlighted the importance of ensuring a higher level of ambition in GEF-9 alongside efficiency, equity, versatility, and accessibility.

Photo credit: Elias Garcia Cabrera/World Bank

“The global environmental crisis is intensifying, but we can change this course,” said GEF CEO and Chairperson, Carlos Manuel Rodríguez. “The next four years are make-or-break for 2030 global biodiversity and other targets, and strong support for GEF-9 will be vital to help achieve them. We’ve seen good progress in Paris in this regard.”

“This first meeting was a very important starting point to set the tone and strategic direction for the replenishment. We’ve received valuable inputs and guidance in shaping the strategic positioning, programming directions, and policy agenda for GEF-9,” Rodríguez continued. “I applaud the participants for signaling a collective resolve for ambitious plans and priorities at this critical time for the health of people and the planet.”

The GEF CEO told the meeting that GEF-9 will build on lessons learned and achievements of the current eighth funding cycle. The organization has undertaken reforms and restructuring to speed up the distribution of funds and ensure its investments are effective and impactful.

It included presentations on intended strategic programming directions and policy, and a report by the GEF Independent Evaluation Office on recent evaluation findings. The meeting was co-hosted with the World Bank, which acts as the GEF Trustee.

The next formal replenishment meeting is scheduled to be held in Botswana from October 8-10, 2025. A final decision about the size and ambition of the GEF-9 funding envelope is expected to be taken in 2026.

Source: Thegef.org | View original article

67th GEF Council: Funds for projects to protect environment in developing countries approved

The 67th meeting of the Global Environment Facility (GEF) held from June 17-20, 2024 ended with an approval for $736.4 million in funding. A total of 34 nature protection and renewal projects have been provided funds. These include 19 projects under the GEF Trust Fund, three under Global Biodiversity Framework Fund (GBFF), 12 under Least Developed Countries Fund (LDCF) and one under the Multi-Trust fund. The GEF Council will meet next in December 2024. On the agenda would be the ninth replenishment funding cycle of the Trust Fund. GEF-9 will stretch from 2026 to 2030 – a period aligned with the final push for 2030 global environmental goals.

Read full article ▼
The 67th meeting of the Global Environment Facility (GEF) held from June 17-20, 2024 ended with an approval for $736.4 million in funding. A total of 34 nature protection and renewal projects have been provided funds. These include 19 projects under the GEF Trust Fund, three under Global Biodiversity Framework Fund (GBFF), 12 under Least Developed Countries Fund (LDCF) and one under the Multi-Trust fund. Other than this, funds have also been provided to a blended finance project.

The GBFF council approved the new fund’s very first work programme — allocating $37.8 million for protected area management in Brazil and Mexico. The three GBFF-funded projects will improve the sustainability of more than 30 million hectares of protected areas on land and at sea, with long-term financing and support for indigenous people-led conservation.

Four programmes under the GEF Trust Fund include the Sustainable Cities Integrated Program and those aiming to address chemical and waste pollution in Bolivia’s cement, textile, brick and glass sectors and in Brazil’s cement industry.

Two projects financed by the GEF Trust Fund are in India. The first one is dedicated to enhancing conservation and sustainable use of biodiversity to meet the Kunming-Montreal Global Biodiversity Framework targets. A total of $6.7 million have been sanctioned for the project that aims to augment India’s protected area network and expand community and private conservation areas.

The second project focusses on conservation and sustainable management of wetlands, forests and grasslands to secure the population of migratory species along the Central Asian Flyway in India. For this $10.7 million have been made available.

There are many projects supported by the fund which will help the world meet the 30X30 target of the Biodiversity Plan. These include a project in Argentina, to which $6.3 million have been made available for reducing ecosystem degradation and biodiversity loss in seven protected areas and their buffer zones; a project in Central Asia seeking to strengthen protected area management and combat biodiversity loss for which $11.7 have been made available; another in Namibia to preserve the country’s Protected Area Network by creating enabling conditions for long-term financial sustainability, including with the operationalisation of the Game Product Trust Fund, for which $37.8 million have been made available.

Chief executive and chairperson Carlos Manuel Rodríguez said, “The only way we can combat the complex environmental threats before us is through a unified, integrated, and harmonized approach.” “We are at a moment of truth for the planet. We need to rise to the challenge by assessing what we have, where we need to go, and how we will get there.”

The GEF Council will meet next in December 2024. On the agenda would be the ninth replenishment funding cycle of the Trust Fund. GEF-9 will stretch from 2026 to 2030 – a period aligned with the final push for 2030 global environmental goals and targets set under the Biodiversity Plan.

Source: Downtoearth.org.in | View original article

Source: https://www.thegef.org/newsroom/news/global-environment-facility-holds-first-meeting-its-ninth-replenishment

Leave a Reply

Your email address will not be published. Required fields are marked *