High-level discussions on governance and financing solutions for global environmental action will touch on the ninth replenishment cycle of the GEF (GEF-9), including its strategic priorities and programming directions.

At their December 2025 meetings, the Councils of the family of funds managed by the GEF approved approximately USD 372 million in funding to support climate action, biodiversity conservation, pollution prevention and reduction, and integrated environmental action across Africa, Asia, Europe, and Latin America and the Caribbean.

Still in its early stages, the negotiating process on the UN Framework Convention on International Tax Cooperation is trying to increase domestic resource mobilization for sustainable development and other assistance, including by tightening global tax practices.

Through the “family” of GEF trust funds, Council Members approved over USD 250 million in funding for projects and programs targeting biodiversity, climate change, land degradation, chemicals and waste, and shared marine and freshwater ecosystems issues. Talks occurred in the shadow of recently commenced negotiations for the GEF’s ninth replenishment period, which many expect will be challenging due to shifting geopolitics and donor priorities.