Global Biodiversity Framework Fund | 14 Feb 2024

The first council meeting of the Global Biodiversity Framework Fund (GBFF) took place recently in Washington DC, US.

• The meeting, held as part of the 66^th Council Meeting of the Global Environment Facility (GEF), underscored the necessity of securing funds to fulfil the objectives outlined in the Kunming-Montreal Global Biodiversity Framework adopted at COP15.
  • Guidelines were established for the execution of GBFF, initially proposed during COP15 of the Convention on Biological Diversity (CBD) in 2022.
• GEF, as the implementing agency for GBFF, serves as a "financial mechanism" to five conventions: CBD, UNFCCC, Stockholm Convention on Persistent Organic Pollutants, UN Convention to Combat Desertification, and Minamata Convention on Mercury.

Read more: Global Environment Facility, Kunming-Montreal Global Biodiversity Framework, Convention on Biological Diversity