The Global Environment Facility: Financing the Treaty Obligations of Developing Nations
13 Pages Posted: 5 Feb 2013
Date Written: 1993
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: Suggested Citation