Significance of Climate finance and Global Environment Facility in the climate changes and its implications at SAARC countries

Abstract

Climate change is a common threat to the entire world in the present days. To resolve
the issues of climate change and its severe impacts, we require larger finance. ‗Climate
finance‘ is a term formulated by ―United Nations Framework Convention on Climate
Change‖ (UNFCCC) for providing finance to meet the impacts of climate change. The aim of
this study is to analyse the various funds received to the SAARC*
countries through the
―Global Environment Facility (GEF)‖ for climate change. The study mainly focuses on the
funds allocated, funds utilised and funds remaining to be utilised over three different periods.
(i.e STAR GEF 6, STAR GEF 5 and RAF GEF 4).