GEF

The GEF (Global Environment Facility) was established as a pilot programme for environmental protection. The current project cycle is GEF-6 over the years 2014-18. In 1992, when the Biodiversity and Climate Change Conventions were adopted at Rio de Janeiro, the GEF was adopted as a financial mechanism for helping developing countries meet their financing needs for achieving their climate change goals. As of November 2015, the GEF has directly invested a total of US$14.5 billion in 3946 projects in 167 countries.