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Massive fund scales up on biodiversity

GEF drew US$5.25 billion in pledges for its work over the next four years on improving how the Earth's resources are managed in developing countries.

A reindeer in autumn at the top of Otsamo Fell overlooking Inari, Finland
A reindeer in autumn at the top of Otsamo Fell overlooking Inari, Finland (AN/Tania Malréchauffé)

WASHINGTON (AN) — The Global Environmental Facility drew US$5.25 billion in pledges for its work over the next four years on improving how the Earth's resources are managed in developing countries to deal with biodiversity loss, chemicals and waste, climate change, international waters, and land degradation.

Twenty-nine countries pledged money that is a nearly 30% increase from the last four-year operating cycle, Washington-based GEF announced on Friday.

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