The Global Environment Facility (GEF) unites 182 member governments and partners to address global environmental issues like biodiversity, climate change, land degradation, and forests. It is the largest financier of forests, investing $1.5 billion to supplement over $4.5 billion in co-financing for over 300 forest conservation and management projects. GEF provides grants to developing countries for sustainable forest management and REDD+ projects that generate multiple environmental benefits. It works through 10 implementing agencies and focuses on reducing deforestation pressures while strengthening policies to reduce emissions and increase carbon sinks from land use.
Document GEF/R.5/19/Rev.1 -- revised to deal with some formatting problems
Explain the proposed incentive mechanism (e.g.: builds on the TFA, money comes from FA exclusion, incentive mechanism supposed to attract more money from other FAs, co-financing, Congo Example). 2 nd Objective: introduced to reflect the increased attention given to forests with regards to their potential to mitigate CC – however, even under this objective the GEF will strongly consider BD and LD elements – in contrast to other initiatives. GEF’s potential in the field of REDD.
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