Building effective international environmental regimes : the case of the global environment facility
Document Type
Journal article
Source Publication
Journal of Environment & Development
Publication Date
3-1-1996
Volume
5
Issue
1
First Page
73
Last Page
86
Abstract
In 1990, the World Bank and the United Nations created an international financing mechanism known as the Global Environment Facility (GEF). Funded by a small number of countries from the industrialized north, the GEF is designed to provide concessional financial assistance to lower and middle income developing countries for the incremental cost of projects with global environmental benefits. Following the 1992 Rio Conference, the GEF was appointed as the financing mechanism for both the Convention on Biological Diversity and the Climate Change Convention. Despite its short existence, the GEF has attracted a great deal of criticism. Drawing on evidence from selected GEF pilot projects, it is argued that much of the criticism is unjustified. Some constructive policies designed to assist the GEF successor, the GEF II, are outlined. The GEF II has become a more effective mechanism to protect the global commons and promote sustainable development.
DOI
10.1177/107049659600500105
Print ISSN
10704965
E-ISSN
15525465
Publisher Statement
Copyright © Sage Publications, Inc. 1996
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Sharma, S. D. (1996). Building effective international environmental regimes: The case of the global environment facility. Journal of Environment & Development, 5(1), 73-86. doi: 10.1177/107049659600500105