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AfricaMoney | August 24, 2017

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Going green: Global Environment Facility grants Rs 345 mn to Mauritius for 2014-18

Going green: Global Environment Facility grants Rs 345 mn to Mauritius for 2014-18

During the current GEF-5 replenishment period, July 2010 to June 2014, Mauritius received an indicative allocation of Rs 238.58 million to formulate and execute projects across bio-diversity, climate change and land degradation projects (Image: UNEP)

The Global Environment Facility (GEF) has approved a grant to the tune of Rs 345 million for Mauritius under the Country Allocation for the period from July 2014-2018.

The GEF Secretariat has already informed the GEF Focal Point of Mauritius, Prime Minister Navin Ramgoolam, who is also currently handling the finance portfolio, that Mauritius can use this grant for funding environmental projects.

The projects would be implemented and coordinated by the Finance Ministry and concerned stakeholders so as to ensure their timely execution.

Since joining the GEF, Mauritius has received grants to the tune of USD 15.6 Million (approx Rs 471.12 million) that leveraged USD 79.9 Million (approx Rs 2.4 billion) in co-financing resources for 16 national projects.

These include eight projects in biodiversity, five in climate change, two in persistent organic pollutants, and one in multi-focal areas.

Similarly, Mauritius participated in 21 regional and global projects financed by the GEF amounting to USD 290.7 million (approx Rs 8.78 billion) that leveraged USD 1.5 billion (approx Rs 45.30 billion) in co-financing resources.

These include six projects in international waters, five in multi-focal areas, four in biodiversity, three in climate change, two in persistent organic pollutants, and one in land degradation.

In addition, the GEF Small Grants Programme (GEF SGP) which started in Mauritius in 1995, has received financial support totalling USD 4 million (approx Rs 121.4 million), leveraging USD 8.4 million (approx Rs 255.02 million) in co-financing resources for 136 projects executed by civil society and community-based organizations.

During the current GEF-5 replenishment period, July 2010 to June 2014, Mauritius received an indicative allocation to formulate and execute projects for USD 5.1 million (approx Rs 154.02 million) in biodiversity, USD 2 million (approx Rs 60.40 million) in climate change, and USD 0.8 million (approx Rs 24.16 million) in land degradation.

The Global Environment Facility was established in October 1991 as a pilot program in the World Bank to assist in the protection of the global environment and to promote sustainable development. It has cost $1 billion so far.

The GEF is a partnership for international cooperation where 183 countries work together with international institutions, civil society organizations and the private sector, to address global environmental issues.

The GEF also provides new and additional grants and concessional funding to cover the “incremental” or additional costs associated with transforming a project with national benefits into one with global environmental benefits.

The United Nations Development Programme (UNDP), the United Nations Environment Program (UNEP), and the World Bank were the three initial partners implementing GEF projects.

Since 1991, the GEF has provided $12.5 billion in grants and leveraged $58 billion in co-financing for 3,690 projects in 165 developing countries.

For 23 years, developed and developing countries alike have provided funds to support activities related to biodiversity, climate change, international waters, land degradation, and chemicals and waste in the context of development projects and programs.

Through its Small Grants Programme (SGP) the GEF has made more than 20,000 grants to civil society and community based organisations for a total of $1 billion.

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