The nearly USD 700 million Work Program approved focuses heavily on chemicals and waste at a time when the GEF hopes to prove to the multilateral community it has the capacity to serve as the financial mechanism for a global plastics treaty and that it could play a significant role in realizing the vision of the Global Framework on Chemicals.

Council concluded deliberations on a heavy agenda, confirming key decisions taken throughout the four days of meetings including the first ever work program for the newly established GBFF, and the largest ever LDCF work program.

The Global Environment Facility (GEF) Council Members will consider a new work program of the GEF Trust Fund under GEF’s eighth replenishment cycle, how to streamline the GEF project cycle, and possible actions to support the new agreement on conservation and sustainable use of marine biological diversity of Areas Beyond National Jurisdiction (BBNJ).