Facts for Prelims (FFP)
Source: GEF
Context: At the Fourth International Conference on Small Island Developing States (SIDS4) in St. John’s, Antigua and Barbuda, the Global Environment Facility (GEF) emphasizes sustainable development for SIDS.
The GEF, alongside partners, has provided $1.9 billion in grant finance to SIDS, supporting green and blue economy approaches, biodiversity conservation, climate resilience, renewable energy, and more. The ongoing GEF-8 funding cycle (2022 – 2026) prioritizes the needs of SIDS and Least Developed Countries (LDCs).
What are Small Island Developing States (SIDS)?
They are a group of countries characterized by their small land area, limited resources, and vulnerability to environmental and economic challenges. They are typically located in the Caribbean, Pacific, and Indian Ocean regions. SIDS face unique developmental issues, including climate change impacts, natural disasters, and limited economic diversification opportunities.
About GEF:
The Global Environment Facility (GEF) was established in 1992 during the Rio Earth Summit. It comprises funds dedicated to addressing biodiversity loss, climate change, pollution, and land and ocean health issues. Governed by an Assembly, Council, Secretariat, and various agencies, it supports five major international conventions, including the Minamata Convention on Mercury and the UN Framework Convention on Climate Change. With 184 member countries, including India, its secretariat is in Washington, D.C., and the World Bank serves as its trustee, managing the GEF Trust Fund.
