Draft GEF-8 Replenishment Resolution
Provisional List of Documents
Provisional Agenda
Costa Rica aims to transition towards an urban green economy with GEF support
- The Global Environment Facility is investing in the project "Transitioning to an urban green economy and delivering global environmental benefits," led by the Costa Rican Ministry of Environment and Energy and implemented by UNDP in partnership with the Organization for Tropical Studies.
- The project aims to decarbonize the Greater Metropolitan Area through sustainable integrated urban planning.
Wildlife Conservation Bond boosts South Africa's efforts to protect black rhinos and support local communities
The World Bank (International Bank for Reconstruction and Development, IBRD) today priced the Wildlife Conservation Bond (WCB) in support of South Africa’s efforts to conserve endangered species. Also known as the “Rhino Bond,” this five-year $150 million Sustainable Development Bond includes a potential performance payment from the Global Environment Facility, which will contribute to protecting and increasing black rhino populations in two protected areas in South Africa, the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).
A new lifeline for wildlife conservation finance
What do capital markets have to do with biodiversity? Until now, very little. This changed this week with the launch of a landmark Wildlife Conservation Bond or “rhino bond” that offers a payout linked to the protection of black rhinos, a critically endangered species whose health is essential to the ecosystems in which they live.