India announced to increase its grant to GEF over four year investment cycle known as GEF-7( Global Environment Facility-7). The increase is from 12 million USD to 15 million USD.

Global Environment Facility (GEF): GEF is multilateral financial mechanism that provides grants to developing countries for projects that benefit global environment and promote sustainable livelihoods in local communities.

• It was established on the eve of 1992 Rio Earth Summit to help tackle our planet’s most pressing environmental problems It addresses six designated focal areas: biodiversity, climate change, international waters, ozone depletion, land degradation and Persistent Organic Pollutants.
• It unites 183 countries in partnership with international institutions, civil society organizations (CSOs), and private sector to address global environmental issues. It is based in Washington DC, United States.
• It also serves as financial mechanism for CBD, UNFCCC, UNCCD, Stockholm Convention on Persistent Organic Pollutants and Minamata Convention on Mercury.