Open AccessTrusting in a better future: the global environment facility.
Author(s) -
William Holton
Publication year - 2000
Publication title -
environmental health perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.257
H-Index - 282
eISSN - 1552-9924
pISSN - 0091-6765
DOI - 10.1289/ehp.108-a316
Subject(s) - business , developing country , global environmental analysis , climate change , diversity (politics) , natural resource economics , economic growth , environmental protection , environmental resource management , political science , economics , geography , marketing , biology , ecology , law
Individual countries acting alone cannot solve environmental problems that span national borders. The Global Environment Facility (GEF) was created in 1991 to serve as a mechanism for international cooperation in the funding of grants to address concerns in four areas of the global environment: biological diversity, climate change, international waters, and ozone layer depletion. To date, more than 500 projects have been funded with over $2 billion of GEF funds and another $5 billion leveraged from public and private sources, including $2 billion in matching funds from developing countries.