The GEF released its report to the 22nd session of the Conference of the Parties (COP 22) to the UNFCCC. The document reports on GEF’s activities in fiscal year 2016, from July 1, 2015 to June 30, 2016, relating to its implementation of COP guidance.
The Paris Agreement reaffirmed the role and contributions of the GEF to address climate change as one of the financial mechanisms. Among other things, the report covers the steps taken by the GEF to support the establishment and operation of Capacity-building Initiative for Transparency (CBIT). The initaitive aims to strengthen the institutional and technical capacities of developing countries to meet the transparency requirements of the Paris Agreement.
The report also details how the GEF has provided support towards the preparations of the Intended Nationally Determined Contributions (INDCs) for 46 countries, 44 of which were submitted ahead of the Paris climate negotiations. At COP 21, the GEF was further requested to consider, starting in 2016, how to support developing countries in formulating policies, strategies and projects to implement activities that advance priorities identified in their INDCs. As outlined in the report, the GEF is encouraging governments to align GEF programming for GEF-6 with INDC priorities.
During the discussion on how to finance the Sustainable Development Goals (SDGs), the GEF has demonstrated the relevance of the GEF Focal Areas to many of the proposed SDGs. With the adoption of the 2030 Agenda for Sustainable Development, countries are increasingly interested in pursuing integrated, cross-cutting opportunities to address several environmental challenges at once. The GEF Secretariat continues to work with relevant institutions and countries to explore possible synergies in addressing SDGs and GEF programming, within its mandate.