What is the role of the Global Environment Facility?

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What is the role of the Global Environment Facility?

The Global Environment Facility (GEF) is an international financial institution that provides funding and support for projects aimed at addressing global environmental issues, including climate change. Its role is to help countries implement sustainable development practices and promote the conservation of biodiversity, protection of international waters, reduction of greenhouse gas emissions, and prevention of land degradation. The GEF acts as a financial mechanism for several international environmental agreements, such as the United Nations Framework Convention on Climate Change (UNFCCC), and provides grants and concessional funding to developing countries to support their efforts in addressing environmental challenges. Additionally, the GEF plays a crucial role in facilitating cooperation and coordination among various stakeholders, including governments, civil society organizations, and the private sector, to achieve global environmental objectives.