Skip to main content
Building effective international environmental regimes : the case of the global environment facility
Journal of Environment & Development
  • Shalendra SHARMA, University of San Francisco
Document Type
Journal article
Publication Date

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.

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
Citation Information
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