"While pressures on public budgets are growing and geopolitical tensions rising, it can be tempting to see environmental finance as optional. It is not,” GEF Interim CEO and Chair Claude Gascon told the closing plenary of the Eighth GEF Assembly in Samarkand, Uzbekistan, today.
Ask any woman miner in the Katoro goldfield in Tanzania’s northern Geita region, and she will tell you that she touches toxic mercury with her bare hands when extracting gold from crushed ore.
As the Global Environment Facility (GEF) steps into the starting blocks of its next financial cycle, the Interim CEO Claude Gascon reflects on what he termed a “moment of transition and delivery".
Bangladesh, the Democratic Republic of Congo, Guinea-Bissau, Niue, Senegal, Solomon Islands, Sudan, and Togo will receive over USD 67 million in new funding to help strengthen resilience.
Bhutan’s decision to restart its accession to the World Trade Organization (WTO) comes at an important junction. Since graduating from Least Developed Country (LDC) status in 2023, the country is entering a new phase of development, which requires stronger competitiveness, deeper global engagement and greater economic resilience.
On day 2 of the Global Environment Facility’s 71st Council Meeting, which focused on process and procedure, a clear message emerged: global environmental governance cannot afford fragmentation.
While the Global Environment Facility (GEF) said its eighth replenishment cycle (GEF-8) was about to exceed environmental targets for biodiversity protection, marine conservation, ecosystem restoration, and reducing greenhouse gas emissions, governments and civil society groups called for stronger safeguards to ensure that local communities, Indigenous Peoples, and smaller implementing agencies are not left behind as funding mechanisms become more complex.
The 71st Council meeting of the Global Environment Facility (GEF) opened today amid a sharp divide, with donor nations urging broader and increased funding commitments, while developing countries called for more equitable and accessible pathways to environmental finance.
As governments prepare for the Eighth Assembly of the Global Environment Facility (GEF) – scheduled to be held from May 30 to June 6 in Samarkand, Uzbekistan – the stakes are unusually high.
The future of the world’s least developed countries (LDCs) will be shaped by a critical choice they make today- strategic investment in their youth. Rich in human potential, the young people in LDCs embody ingenuity, resilience and ambition. With the right opportunities, they can transform challenges into opportunities and put their countries strongly on track to sustainable development.
The gap between global environmental ambition and real-world progress is widening, with less than five years left to meet key climate and biodiversity targets.
Every winter thousands of sea turtles come ashore at Cox’s Bazar, in the Bay of Bengal, Bangladesh, to lay eggs.
The Global Environment Facility, widely known as the GEF, plays a central role in financing environmental protection across the world. It supports developing countries in tackling climate change, biodiversity loss, land degradation, pollution, and threats to ecosystems.
With just four years left to meet a series of global environmental targets, governments are committing to shore up one of the world’s main environmental funds, the Global Environment Facility (GEF), with a $3.9 billion pledge.
Funding cuts from the United States, the United Kingdom and Europe have left a funding gap in climate change programmes across Africa.
Artificial intelligence (AI) is rapidly changing our world. It has helped a few companies in developed countries set record-breaking profits. Last month, Nvidia, a leading US AI company, hit a market value of USD 5 trillion.
Least Developed Countries have hailed the debut call for proposals for the Loss and Damage Fund, which was launched on 11 November at the United Nations climate summit known as COP30 in Belem, Brazil.
New research by Oxfam and the CARE Climate Justice Centre finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive—for every USD 5 they receive, they are paying USD 7 back, and 65 percent of funding is delivered in the form of loans.
The theater of diplomacy can be more revealing than the speeches. Under a scorching Caspian sun in Awaza, two marines lowered their flags with the precision of a ballet. The green silk of Turkmenistan, folded into a neat bundle before the UN’s blue-and-gold standard, fluttered briefly and vanished into waiting hands.
As increasingly frequent droughts and devastating floods are affecting agricultural productivity, leaving millions of people food insecure in Africa amid a lack of climate finance, the African Development Bank (AfDB) has committed USD 11 billion to support various climate-resilient and infrastructure projects in rural areas.
Artificial intelligence and the use of frontier technologies are already transforming trade and boosting prosperity, particularly for developed and some developing countries. This ranges from the digital exchange of documents, the digitalisation of trade processes and leveraging online platforms to fast-track cross-border trade.