The Global Environment Facility has joined the Leadership for Urban Climate Investment (LUCI), a framework aiming to raise ambition and fill funding gaps for cities’ climate action by 2025.
Governments, businesses, and communities around the world worked throughout 2021 to keep advancing global environmental priorities amid the COVID-19 pandemic.
The Global Environment Facility’s governing body has approved $191 million in grants and blended finance to advance climate and nature investments through and after the pandemic.
Marking 30 years of support for environmental action worldwide, the Global Environment Facility’s member governments will meet next week to consider their next steps to build a nature-positive, carbon-neutral, and pollution-free future.
During the 57th GEF Council, government representatives approved more than $600 million for two new work programs that include innovative ventures to expand marine protected areas and engage indigenous peoples for biodiversity protection, and for climate change resilience-building efforts in least developed countries.
This video shows the efforts of the GEF in Madagascar addressing the most pressing environmental needs related to the predominant tree cover loss (90 percent over the last 50 years) due to deforestation, followed by the subsequent erosion of soil, siltation in rice fields, resulting in a severe threat to biodiversity. It features three different projects managed by UN Environment, the World Bank and UNDP/SGP respectively.