Global Environment Facility (GEF)
The GEF is a multilateral organization established in 1991 that provides grants to developing countries for projects that address a variety of environmental problems. The GEF is also the formally designated financial mechanism for several multilateral agreements, including the UNFCCC.
Glossary and Abbreviations. "Post-Kyoto-International-Climate Policy". 2009 http://belfercenter.hks.harvard.edu/publication/19017/postkyoto_interna…
The GEF is an independent financial organization that provides grants to developing countries for projects that benefit the global environment and promote sustainable livelihoods in local communities. The Parties to the Convention assigned operation of the financial mechanism to the GEF on an on-going basis, subject to review every four years. The financial mechanism is accountable to the COP.
