From Idea To Reality: The Creation of the Global Environment Facility

摘要

The paper documents the process that led to the creation of the pilot phase ofthe global Environment Facility (GEF). It places the GEF in the broader context of the debate on environmental finance; examines the proposals that were put forward; and looks at the negotiations that followed. In tracing the early history of the GEF, the paper sheds light on the subsequent negotiations to restore and replenish the Facility that culminated in the 1994 agreement on the