Global Environment Facility (GEF) : Overview / Richard K. Lattanzio.

Format:

Book

Author/Creator:

Lattanzio, Richard K., author.

Series:

CRS report for Congress, RS21858

Language:

English

Subjects (All):

Environmental policy.

Physical Description:

1 online resource (12 pages).

Place of Publication:

Washington, District of Columbia : Congressional Research Service, Library of Congress, 2006.

Summary:

The Global Environment Facility (GEF) is an independent and international financial mechanism (i.e., a grant and lending institution) that promotes cooperation and fosters actions to protect the global environment. GEF is one mechanism in a larger network of international programs designed to address environmental issues. While the efficiency and the effectiveness of these programs are of concern to donor country governments, a full analysis of the purposes, intents, results, and consequences behind these financial flows has yet to be conducted. International relations, comparative politics, and developmental economics can often collide with environmental agendas. Critics contend that the existing system has had limited impact in addressing major environmental concern, specifically climate change and tropical deforestation, and has been unsuccessful in delivering global transformational change. A desire to achieve more immediate impacts has led to a restructuring of the Multilateral Development Banks' role in environmental finance and the introduction of many new bilateral and multilateral funding initiatives. The effectiveness of GEF depends on how the fund addresses its programmatic issues, reacts to recent developments in the financial landscape, and responds to emerging opportunities.

Notes:

Description based on publisher supplied metadata and other sources.