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| | ESENA Papers: Proposal for a Global Environment Facility (GEF) Technology Risk Guarantee Mechanism (Site not responding. Last check: ) |
 | | The Global Environment Facility (GEF) was created to fulfill a unique niche—that of providing financing for programs and projects to achieve global environment benefits in four focal areas: climate change, biodiversity, international waters, and ozone layer depletion; and in land degradation, primarily desertification and deforestation, as they relate to the four focal areas. |
 | | GEF, originally set up as a pilot program in 1991, was restructured and replenished with over US$ 2 billion in 1994, to cover the agreed incremental costs of activities related to the four focal areas. |
 | | GEF projects must be country driven, incorporate consultation with local communities and, where appropriate, involve non-governmental organizations in project implementation. |
| www.nautilus.org /VietnamFOIA/archives/papers/energy/NIGEFESENAY3.html (2370 words) |
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