Global investment in nature‑positive interventions remains far below what is needed, prompting calls, especially from the conventions served by the GEF, to scale up private sector finance aligned with environmental goals. Blended finance is a key mechanism for mobilizing such investment, and the GEF has expanded its support for these approaches across several replenishment cycles. Under GEF‑9, the GEF aims to mainstream blended finance across its funding, with an aspirational 25% target to help close the nature finance gap in developing countries. This STAP brief summarizes recent work, including a checklist and a technical paper to strengthen the scientific review of blended finance projects and build Council confidence in delivering global environmental benefits.
The Scientific and Technical Advisory Panel provides independent advice to the Global Environment Facility