Tuesday, August 21, 2018     
     GEF-Administered Trust Funds


The GEF administers three trust funds, the Global Environment Facility Trust Fund (GEF); Least Developed Countries Trust Fund (LDCF); Special Climate Change Trust Fund (SCCF); the Nagoya Protocol Implementation Fund (NPIF) and provides secretariat services, on an interim basis, for the Adaptation Fund.

The GEF Trust Fund

Replenishment of the Trust Fund takes place every four (4) years based on donor pledges that are funded over a four-year period. The funding is made available for activities within the GEF Focal Areas defined during the replenishment discussions. The GEF Trust fund has received a total of $15.225 billion during its five replenishments. The GEF Trust Fund has 39 donor countries which have provided committed funds. They are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, China, Côte d’Ivoire, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, India, Indonesia, Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Portugal, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States.

The SCCF Trust Fund

The SCCF fund is a voluntary trust fund which finances activities, programs, and measures relating to climate change complementary to those funded by the resources allocated to the climate change Focal Area of the GEF; and to those provided by bilateral and multilateral funding. The trust fund has 13 donors: Canada, Denmark, Finland, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom that have made pledges to the SCCF. To date, the GEF has received voluntary contributions of about $120 million for the SCCF.


The LDCF Trust Fund

It is a voluntary trust fund established under the UNFCCC to address the special needs of the 48 Least Developed Countries (LDCs) that are especially vulnerable to the adverse impacts of climate change. To date, the fund has 19 donors: Australia, Austria, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom.

The GEF has already mobilized voluntary contributions of about $180 million for the LDCF; its target in the next four years is to reach US$500.000.000, which is the amount estimated by the UNFCCC needed to finance NAPA implementation as well as to move toward a four-year replenishment process.

The Nagoya Protocol Implementation Fund

The Nagoya Protocol Implementation Fund (NPIF) is a multi-donor trust fund that started operations on May 26th, 2011. It can receive voluntary contributions of multiple governments and the private sector.

The NPIF has been created to fund activities under the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (the Nagoya Protocol), adopted at the Tenth meeting of the Conference of the Parties (CoP) to the Convention on Biological Diversity (CBD).

The NPIF supports signatory countries and those in the process of signing the Nagoya Protocol, and that intend to ratify the Protocol in order to accelerate the ratification and implementation of the Protocol. The Fund supports, among others, existing opportunities leading to development and implementation of concrete ABS agreements with involvement of the private sectors The projects funded under the NPIF encourages the engagement with private sector entities interested in exploring the economic potential of genetic resources and facilitate the transfer of appropriate technologies. Through the implementation of this type of projects, countries should be generating additional information that can help to understand their capacities and needs on ABS, with focus on the provisions from existing policies, laws, and regulations affecting genetic resources.

So far, the total fund is approximately $15 million, which has been provided by generous contributions from the Government of Japan, Norway, and Switzerland. During the May 2011 GEF Council meeting, the Government of France made a pledge for EU 1,000,000. The World Bank serves as the Trustee of the NPIF, in accordance with the Bank's policies and procedures.

The Adaptation Trust Fund

The AF finances concrete adaptation projects and programs in developing countries that are Parties to the Kyoto Protocol. The AF is funded through monetization of Certified Emission Reductions (CERs) and other sources of funding. The trust fund is administered by the Adaptation Fund Board, to which the GEF provides secretariat services on an interim basis.

The AF has benefited from generous donations from countries, some loans during its start-up phase and is now reaching the operational stage, after the monetization of CERs.