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The GEF approves first funding related to BBNJ Agreement
The Global Environment Facility has approved the first funding related to the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, an important milestone for ensuring the health and resilience of more than two-thirds of the world’s ocean ecosystems.
Record Least Developed Countries Fund support for climate change adaptation
At the 36th Council meeting of the Least Developed Countries Fund/Special Climate Change Fund (LDCF/SCCF), members approved the largest-to-date LDCF work program, in the amount of $203 million.The LDCF work program included two programs and national projects in Angola, Cambodia, Chad, Comoros, Gambia, Guinea, Lao PDR, Sao Tome and Principe, Sierra Leone, Somalia, and Tanzania. The two program proposals consisted of:
GEF Council approves $700M+ for vast environmental needs
Global Environment Facility member countries approved $736.4 million in funding, including new support for the Great Green Wall, a landmark initiative focused on increasing climate resilience and improving land health across Africa’s Sahel region.The diverse package of financing includes the new Global Biodiversity Framework Fund’s first three approved projects, less than a year after the fund’s launch, and the most support ever provided by the Least Developed Countries Fund for climate change adaptation. Other highlights include the new Sus
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