Global Environment Facility (GEF)
Across the developing world, dangerously high air pollution levels in cities and urban areas have spurred investment in initiatives to help reduce emissions by cars, buses and trucks.
Developing nations can access funding for proven environmental solutions through the Global Environment Facility (GEF). Since 1991, GEF has allocated $9.5 billion, supplemented by more than $42 billion in co-financing, to 165 developing countries for more than 2,700 projects that protect the environment and promote sustainable living.
Start Technologies Europe I.G. sales focus
Start Technologies Europe I.G. is currently working with eligible nations to develop GEF-funded programs to outfit government fleets with Start units.
Start is an automotive aftermarket device that substantially reduces vehicle emissions, including the particulate matter that is harmful to human health.
GEF offers several different levels of funding and project types.
Its Least Developed Countries Fund (LDCF) reports resources amounting to $400 million in grants. The LDCF was established to address the special needs of the Least Developed Countries (LDCs) under the Climate Convention.
The GEF Climate Change Mitigation Program is a GEF initiative specific to transportation and one that is applicable to the Start Device. This program is designed to promote energy-efficient, low-carbon transport and urban systems. It supports interventions for land use and transport planning, public transit systems, energy efficiency improvement of the fleet, efficient traffic control and management, transport demand management and non-motorized transport.
Technological options in transportation may be considered in countries where such options can be expected to achieve significant reduction in greenhouse gas emissions. GEF support for this program may involve innovative financing mechanisms and investments in demonstration and deployment of high-performance technologies.
The GEF partnership includes 10 agencies: the UN Development Program; the UN Environment Program; the World Bank; the UN Food and Agriculture Organization; the UN Industrial Development Organization; the African Development Bank; the Asian Development Bank; the European Bank for Reconstruction and Development; the Inter-American Development Bank; and the International Fund for Agricultural Development. The Scientific and Technical Advisory Panel provides technical and scientific advice on the GEF’s policies and projects.