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Climate Change | |
Climate Change
GEF projects in climate change help developing countries and economies in transition to contribute to the overall objective of the United Nations Framework Convention on Climate Change (UNFCCC). The projects support measures that minimize climate change damage by reducing the risk, or the adverse effects, of climate change.
Climate change mitigation. The GEF supports projects that reduce or avoid greenhouse gas emissions in the areas of renewable energy, energy efficiency, and sustainable transport.
Climate change adaptation. The GEF supports interventions that increase resilience to the adverse impacts of climate change of vulnerable countries, sectors, and communitie
As the financial mechanism of the Climate Convention, GEF allocates and disburses about $250 million dollars per year in projects in energy efficiency, renewable energies, and sustainable transportation. Moreover, it manages two special funds under the UNFCCC — the Least Developed Countries Fund and the Special Climate Change Fund— as well the Adaptation Fund under the Kyoto Protocol.