Global Environmental Finance
For the purpose of engaging with and managing financing from environmental 'vertical' funds, UNDP established the Global Environmental Finance (UNDP-GEF) Unit. Our objective is to help countries achieve the simultaneous eradication of poverty and significant reduction of inequalities and exclusion, by catalysing environmental finance for sustainable development. Funding mobilised for partner countries by UNDP-GEF is programmed to address the root causes of environmental degradation which are often linked to institutional, governance, financial or technological challenges in and between countries.
UNDP-GEF programmes focus on:
- sustainable management of ecosystem goods and services;
- scaling up of climate change adaptation and mitigation;
- sustainable, affordable and accessible energy services;
- sustainable management of chemicals and waste; and
- improved water and ocean governance.
The principal environmental vertical funds UNDP partners with are those managed by the Global Environment Facility (GEF). These include: the GEF Trust Fund (GEF TF), Nagoya Protocol Implementation Fund (NPIF), Least Developed Countries Fund (LDCF), and Special Climate Change Fund (SCCF). In addition, UNDP is an accredited entity for the Adaptation Fund (AF) and the Green Climate Fund (GCF).
The UNDP-GEF Unit is comprised of a team of headquarters and region-based specialised technical advisors, supported by a New York-based Directorate. The UNDP–GEF business model involves a three-tier structure of oversight and specialised technical assistance that supports the delivery of high quality services to each vertical fund. The three-tiers are: (a) UNDP Country Offices; (b) UNDP-GEF region-based technical advisers (RTAs); and (c) UNDP-GEF global principal technical advisers (PTAs).
Additional information on the UNDP-GEF Unit’s work can be found throughout the UNDP website.