It was established in October 1991 as a $1 billion pilot program in the World Bank to assist in the protection of the global environment and to promote environmentally sustainable development.
Headquarter: Washington, United States of America
It unites 183 countries in partnership with international institutions, civil society organisations (CSOs), and the private sector to address global environmental issues while supporting national sustainable development initiatives.
The GEF is jointly managed by the United Nations Development Programme (UNDP), the World Bank and the United Nations Environment Programme (UNEP).
The GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.
The GEF also serves as a financial mechanism for the following conventions: Convention on Biological Diversity (CBD)
United Nations Framework Convention on Climate Change (UNFCCC)
UN Convention to Combat Desertification cation (UNCCD)
Stockholm Convention on Persistent Organic Pollutants (POPs)
Global Environment Facility (GEF)