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Financing the Global Benefits of Forests
Gabriel Campbell Alejandro Martin
Price: $ 22

The Global Environment Facility (GEF) is a major financial mechanism to protect the global environment. The GEF provides grants and concessional funds to countries eligible for World Bank assistance for the additional costs of providing global environmental benefits. This support is given to projects and activities in four main areas: climate change, biological diversity, international waters, and depletion of the ozone layer. "Financing the Global Benefits of Forests: The Bank's GEF Portfolio and the 1991 Forest Strategy" examines the degree to which GEF policies are compatible with the World Bank's Forest Strategy. It highlights a number of GEF-specific issues that are significant to forests and to the impact of the World Bank's GEF-funded portfolio on the forest sector. The book covers the period from 1991 to June 1999. The report recommends enlarging the scope of the GEF cofinanced forest programs developed by the World Bank to better include the private and public sectors. Other recommendations include expanding the grant and investment portfolio to projects outside of protected areas. It also suggests developing policies and projects that more effectively work with sustainable forest use and management to incorporate conservation objectives as well as expanding forest strategy goals into the private sector forest industry. The book proposes pursuing opportunities to develop incentives for conservation that are linked with private enterprise, including non-timber forest products, agriculture, tourism, hydroelectric generation, and livestock rearing. In conclusion," Financing the Global Benefits of Forests" advises that the World Bank's partnership with the GEF for sustainable conservation of the world's forest biodiversity be expanded, with more strategically developed, realistic goals and more innovative approaches.

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