Title: The Legitimacy of the Global Environment Facility
Abstract: At the June 1992 United Nations Conference on Environment and Development (UNCED), the Global Environment Facility (GEF) was named the interim funding mechanism for both the Framework Convention on Climate Change and the Convention on Biological Diversity, the two most important international agreements to emerge from the Rio meetings. GEF was also explicitly tagged as the major funding instrument for Agenda 21, UNCED's forward-looking sustainable development blueprint. Consequently, for the impoverished states of the Global South and for the so-called 'economies in transition' of Eastern Europe, the GEF now serves as the principal source of development assistance for global environmental purposes. Over $2 billion worth of grants have been authorised to date and another $2.75 billion has been pledged to cover the next four years (El-Ashry, 1998).
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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