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1. What is GEF?
The GEF is the designated "financial mechanism" for
the:
- Convention on Biological Diversity (CBD)
- Convention on Climate Change (UNFCCC)
- POPs Convention (draft)
The GEF collaborates closely with other treaties and agreements
to reach common goals (International Waters, CCD, Montreal Protocol
2. What are the focal areas of GEF?
- Biodiversity
- Climate Change
- International Waters
- Ozone Depletion (only countries in transition)
- Cross cutting: Land Degradation as it relates to the above focal
areas
- Persistent Organic Pollutants – POPs
3. How does GEF finance projects?
GEF co-finances projects--it does not finance them altogether.
All GEF projects bring together multiple partners and multiple
sources of funding to achieve their aims.
While GEF funding does not replace traditional development funding,
it provides "new and additional" funds to address global
environmental issues.
4. What are incremental costs?
To maximize global benefits, GEF projects complement national
programmes and policies. The GEF analyzes the financial partnership
component of projects by dividing the budget into baseline and
incremental costs.
The GEF funds only the additional, or incremental costs, of activities
that produce benefits to the global environment. All other costs
of the project, the benefits of which accrue locally or nationally,
are considered to be baseline and must be covered from other sources.
For a quick overview of how incremental and baseline costs are
determined, first
- Establish the baseline, then,
- Determine cost of GEF alternative
- Incremental Cost (project budget) = GEF Alternative - Cost
of Baseline
5. What are executing agencies?
Executing agencies are national, regional or international organizations
that actually carry out projects. They are responsible for their
successful execution.
Projects can be executed by:
Government Agencies
UN Specialized Agencies
Non-Governmental Organizations
Bilateral Development Cooperation Agencies
Others from the private sector/institutes
6. What are the GEF Funding categories?
GEF projects could be financed according to the following categories:
- Full-size Projects ($1 million and up)
- Medium-sized Projects (up to $1 million)
- Project Development Funds (PDF-A up to $25,000; PDF-B up to
350,000; PDF-C up to $1 million)
- Financing can be made available for preparing projects
- Small Grants programme (up to $50,000)
- Enabling Activities
7. What are the eligibility criterias for GEF projects?
For eligibility criteria, kindly click here
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