Global Environment Facility

DEPARTMENT OF THE TREASURY | TITLE V

FY 2023 Recommendation No Less Than:

$160.2 M

FY 2022 Enacted: $149.29 M

FY 2023 President's Request: $150.2 M

FY 2023 Recommendation No Less Than:

$160.2 M

FY 2022 Enacted: $149.29 M

FY 2023 President's Request: $150.2 M

Description

The Global Environment Facility (GEF) assists communities in addressing environmental degradation that threatens livelihoods and security. Using private-sector solutions to overcome market and investment barriers, GEF programs combat illegal wildlife trafficking; protect biodiversity and critical habitats; and invest in the sustainable management of freshwater, forests, fisheries, agricultural areas, and other natural capital.

Use of Funds

Contributions to the GEF generate grants, concessional financing, and blended financing, allowing implementing partners to undertake conservation efforts and sustainability projects in developing countries and countries with economies in transition. This will be the first installment of the GEF-8 replenishment.

Justification

Since its inception in 1992, the GEF has provided more than $21.7 billion in grants and mobilized an additional $119 billion in co-financing for over 5,000 projects and programs in 166 countries.
GEF-7 investments:
- Provided direct benefits to 190.1 million people, including 92 million women.
- Mitigated 1,445.8 million MTCO₂e of greenhouse gases.
- Restored 8 million hectares, including 2.3 million hectares of forest and forest land.
- Reduced, disposed of, destroyed, phased out, eliminated, and avoided 88,000 metric tons of chemicals of global concern and their waste in the environment and in processes, materials, and products.
The GEF-7 surpassed its co-financing target by nearly a dollar, reaching a ratio of 7.9:1 for each “GEF dollar” spent.
The GEF works with countries on both supply and demand sides of illicit wildlife trafficking, strengthening national legislation, enhancing wildlife law enforcement, and improving wildlife monitoring.