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Global Climate Change Digest
A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999

FROM VOLUME 7, NUMBER 4, APRIL 1994

NEWS...

• GLOBAL ENVIRONMENT FACILITY

Item #d94apr142

Negotiations in Geneva during March finally led to agreement on the new governing structure for the Global Environment Facility, the funding mechanism for projects in developing countries on climate change, ozone depletion and biodiversity. A new 32-member governing council will include 14 seats for donor (industrialized) countries, 16 seats for developing countries, and two seats representing Eastern Europe and the former Soviet Union. Decisions must be passed by 60 percent of the member states and by a majority representing 60 percent of the GEF contributions, a system intended to give both donors and recipients veto power and encourage decisions by consensus.

Donor countries pledged $2 billion in funding over the next three years; the U.S. will be the largest contributor, followed closely by Japan.

See Intl. Environ. Rptr., p. 249, Mar. 23; Global Environ. Change Rep., p. 3, Mar. 25. GEF headquarters is located at the World Bank, 1818 H St. NW, Washington DC 20433 (202-473-1053).