Global Environment Facility (GEF). 

About Global Biodiversity Framework Fund (GBFF): It is created for implementation of Kunming-Montreal Global Biodiversity Framework (GBF)

• • Under Target 19 of GBF, at least $200 billion per year will need to be raised by 2030.
  • GBFF will support action towards halting and reversing biodiversity loss by 2030 and putting nature on a recovery path by 2050. 
• Objectives: To support the conservation and sustainability of wild species and ecosystems, whose health is under threat from wildfires, flooding, extreme weather, and human activity including urban sprawl.
• Contributors: GBFF will mobilize and accelerate investment from governments, philanthropy, and the private sector.
• Focus Areas under Funds: 
  • Indigenous Communities: As much as 20% of the funds would support Indigenous-led initiatives to protect and conserve biodiversity.  
  • Support for Small Island Developing States and Least Developed Countries, which will receive more than a third of the fund’s resources. 
• Canada and Britain together would provide $160 million in seed money to set up the GBFF.

News Source: DTE