The Global Environment Facility: Financing the Treaty Obligations of Developing Nations

13 Pages Posted: 5 Feb 2013

See all articles by John C. Dernbach

John C. Dernbach

Widener University - Commonwealth Law School

Date Written: 1993

Abstract

The article describes and analyzes the Global Environment Facility at the time of its pilot status. The article also examines the GEF's project funding criteria, explores the effect of the U.N. Conference on Environment and Development agreements on the GEF's structure, and enumerates the UNCED agreements' new requirements for the GEF and its projects. The article concludes that the GEF is a significant and necessary step toward sustainable development and finds that it is a model for financing environmentally innovative projects, despite its dependence on voluntary monetary contributions.

Keywords: Global Environment Facility, U.N. Conference on Environment and Development, sustainable development, Convention on Biological Diversity, Framework Convention on Climate Change, Agenda 21

JEL Classification: K32, Q01, Q20, Q25, Q28, Q30, Q38, Q48, Q54

Suggested Citation

Dernbach, John C., The Global Environment Facility: Financing the Treaty Obligations of Developing Nations (1993). Environmental Law Reporter, Vol. 23, No. 10124, 1993; Widener Law School Legal Studies Research Paper No. 13-10. Available at SSRN: https://ssrn.com/abstract=2212220

John C. Dernbach (Contact Author)

Widener University - Commonwealth Law School ( email )

3800 Vartan Way
Harrisburg, PA 17110-9380
United States

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