The GEF was created to be innovative in its design, governance, and operation. Determining how the GEF would be "innovative" in technology, promoting policies, sector transformation, and business models, has been a central debate ever since. The GEF has evolved in many ways -- expanding its scope, adding more agency partners, testing new modalities, and more. Nevertheless, the world in which it operates has changed even more dramatically.
The GEF invests about $1 billion each year. Public expenditure... Read More