GEF endorses $3.9 billion environmental package as Tanzania seeks greater access to climate finance
Tanzania, June 5 -- Uzbekistan. Global efforts to address climate change, biodiversity loss and environmental degradation gained significant momentum this week.
The Global Environment Facility (GEF) endorsed a $3.9 billion (Sh9.95 trillion) replenishment package and approved $232.5 million (Sh592.88 billion) for new environmental projects. Leaders described the move as a crucial step in the "final sprint" toward meeting global environmental targets by 2030.
The decisions were made at the 71st GEF Council meeting in Samarkand city in Uzbekistan ahead of the Eighth GEF Assembly, which brought together nearly 2,000 participants from governments, civil society, development agencies and the private sector.
For Tanzania, a major GEF recipien...
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