Global Environment Facility (GEF)

The GEF, which is managed jointly by UNDP, the World Bank and UNEP, began operations in 1991, with funding of US $1,500 million over a 3 year period. Its aim is to support projects for the prevention of climate change, conserving biological diversity, protecting international waters, and reducing the depletion of the ozone layer in the atmosphere. UNDP assists countries to eliminate the use of ozone-depleting substances (ODS), in accordance with the Montreal Protocol to the Vienna Convention for the Protection of the Ozone Layer, through the design, monitoring and evaluation of ODS phase-out project and programme. In particular, UNDP provides technical assistance and training, national capacity- building and demonstration project and technology transfer investment projects.