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Jun 18, 2018 / 11:14

Da Nang to host 6th Assembly of the Global Environment Facility

Da Nang will host the 6th Assembly of the Global Environment Facility (GEF) and related meetings, which are expected to draw participation of nearly 1,500 delegates, including the ministers in charge of environment and senior officials from 183 member countries.

The information was announced by the Vietnamese Ministry of Natural Resources and Environment. The event will be held from June 23 to 29. In addition, Prime Minister Nguyen Xuan Phuc is set to attend the event.
 
Da Nang will hold the 6th Assembly of the Global Environment Facility.
Da Nang will hold the 6th Assembly of the Global Environment Facility.
A series of events are planned besides the GEF Assembly, such as the meeting of the GEF Council, 14 round-table sessions, forums and meetings of socio-political organizations, 17 technical meetings of GEF units, about 70 sideline events, as well as exhibitions and fact-finding trips funded by the GEF.
The GEF Assembly will review and adopt directions and solutions to current global environment issues, and allocate resources for environment projects during the GEF’s 7th cycle (GEF 7) from 2018 - 2022.
Nearly 30 countries have committed US$4.1 billion to the GEF 7 to better protect the future of the planet and human health. The 6th GEF Assembly will also convey a message of Vietnam’s strong commitment to sustainable development, especially in delivering on international commitments on environment to which Vietnam is a member.
It will also offer Vietnam a chance to foster bilateral and multilateral cooperation, seek opportunities to receive financial and technological support, and strengthen capacity in the fields of climate change response, biodiversity, chemicals, land degradation, sustainable forest management, popularisation of Vietnamese tourism, culture and people.
GEF was established on the eve of the 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems. The GEF gathers 183 countries in partnership with international institutions, civil society organizations, and the private sector to address global environmental issues while supporting national sustainable development initiatives.
Since 1992, the GEF has provided over US$17 billion in grants and mobilized an additional US$88 billion in financing for more than 4,000 projects in 170 countries. Through its Small Grants Programme (SGP), the GEF has invested US$450 million and leveraged similar levels of co financing supporting over 14,500 community based projects in over 125 countries.
Vietnam joined the GEF on December 5, 1994, with the Ministry of Natural Resources and Environment serving as the national coordinator. Since its establishment, GEF Vietnam has raised US$457.18 million for 107 environment projects in different sectors and localities. Of them, 56 are national-level projects worth US$153.8 million and 47 are regional and global projects worth a total of US$294 million. Additionally, there are 4 projects funded by the Special Climate Change Fund with a total value of roughly US$9 million.