{"id":257661,"date":"2023-08-28T20:14:14","date_gmt":"2023-08-28T14:44:14","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=257661"},"modified":"2023-08-28T20:14:14","modified_gmt":"2023-08-28T14:44:14","slug":"7th-gef-assembly-global-biodiversity-framework-fund-ratified","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/7th-gef-assembly-global-biodiversity-framework-fund-ratified\/","title":{"rendered":"7th GEF Assembly: Global Biodiversity Framework Fund ratified"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201c7th GEF Assembly: Global Biodiversity Framework Fund ratified\u201d <\/b><span style=\"font-weight: 400;\">\u00a0published in <\/span><b>Down To Earth on 25th August 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Global Biodiversity Framework Fund (GBFF) was finally ratified and launched at the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, Canada.\u00a0<\/span><\/p>\n<h2><b>What is the Global Biodiversity Framework Fund (GBFF)?<\/b><\/h2>\n<p><b>Aim<\/b><span style=\"font-weight: 400;\">: To directly support global efforts to halt and reverse biodiversity loss by 2030, a goal agreed to by 196 countries as part of the <\/span><a href=\"https:\/\/forumias.com\/blog\/kunming-montreal-global-biodiversity-framework-historic-biodiversity-deal-gets-the-nod-at-cop15-summit-in-canada\/\"><span style=\"font-weight: 400;\">Global Biodiversity Framework e<\/span><\/a><span style=\"font-weight: 400;\">stablished at COP15.<\/span><\/p>\n<p><b>Hosted by: <\/b><span style=\"font-weight: 400;\">Global Environment Facility (GEF)\u00a0<\/span><\/p>\n<p><b>Funding:<\/b><span style=\"font-weight: 400;\"> Governments, non-profits, and the private sector can now contribute their funds to GBFF.<\/span><\/p>\n<p><b>Fund allocations:<\/b><span style=\"font-weight: 400;\"> 20% will be allocated to Indigenous Peoples and local communities (IPLCs)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 36% of the fund\u2019s resources are aimed to support the most vulnerable people, small island developing states.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 3% to LDCs (Least Developed Countries)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 About 25% of the fund will be delivered through selected international financial institutions to increase resources through private sector involvement and ensure policies are streamlined.<\/span><\/p>\n<p><b>Note: <\/b><span style=\"font-weight: 400;\">This is the first time there would be funds channeled to non-state actors like the indigenous communities.<\/span><\/p>\n<p><b>First meeting:<\/b><span style=\"font-weight: 400;\"> The first GBFF Council meeting will be held in January 2024.<\/span><\/p>\n<h2><b>What is the Global<\/b><b> Environment Facility (GEF)?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/environmental-finance\/\"><b>Click Here to read<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201c7th GEF Assembly: Global Biodiversity Framework Fund ratified\u201d \u00a0published in Down To Earth on 25th August 2023 What is the News? The Global Biodiversity Framework Fund (GBFF) was finally ratified and launched at the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, Canada.\u00a0 What is&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/7th-gef-assembly-global-biodiversity-framework-fund-ratified\/\">Continue reading <span class=\"screen-reader-text\">7th GEF Assembly: Global Biodiversity Framework Fund ratified<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,1305,9],"tags":[10504,10514],"class_list":["post-257661","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-index-reports-bodies","category-public","tag-down-to-earth","tag-dte","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/257661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=257661"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/257661\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=257661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=257661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=257661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}