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The Establishment, Role and Evolution of the Global Environment Facility: Operationalising Common but Differentiated Responsibility?

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Chapter Summary

The Global Environment Facility (GEF) was first established in a pilot phase in 1991. In the decade and a half since then, the GEF has provided over USD 6.2 billion in grants and generated over USD 20 billion in co-financing from other sources to support over 1,800 projects designed to produce global environmental benefits in 140 developing countries and countries with economies in transition. However, it has not been free from controversy and in 1994 was totally restructured to meet demands for an inclusive and transparent decision-making process. This chapter looks at the origins of the GEF, the restructuring after the 1992 United Nations Conference on Environment and Development (UNCED), and the institutional arrangements that this process put in place. It deals with the international environmental treaty regimes for which the GEF provides financial resources, and the way that it has evolved over the first fifteen years of its existence.

Keywords: financial resources; Global Environment Facility (GEF); international environmental treaty regimes; Least DevelopedCountries Fund (LDCF); UNCED



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