The Council adopted five decisions, including: to determine by 1 June 2024 on extending the International Tropical Timber Agreement, 2006 to 2029; projects for sustainable forest management and related objectives; its budget and work programme for 2024-25; and a four-year trial period allowing members in arrears to submit projects for possible funding.

The 65th meeting of the Council of the Global Environment Facility (GEF) took place in a virtual setting, focusing on the GEF Strategy for Knowledge Management and Learning; enhancing policy coherence; and relations with Conventions and international institutions. Council Members further decided on the dates for the 66th to 68th Council meetings in 2024.

In a watershed moment for biodiversity, GEF Assembly members unanimously agreed to ratify the Global Biodiversity Framework Fund—a new source of funding for protecting endangered species and their ecosystems globally. The meeting also featured the first-ever Partnership Forum, which brought together Indigenous Peoples, youth, women, and representatives of civil society organizations to discuss ways the GEF can support their empowerment and recognition.

Council Members focused on supporting new, key environmental agreements and frameworks, reaching consensus on the establishment of the Global Biodiversity Framework Fund, including its programming directions, and on preparing the GEF to serve as part of the financial mechanism for the Agreement on biodiversity beyond national jurisdiction (BBNJ).