India to increase its grant to $15 million to Global Environment Facility
In a bid to boost environmental protection around the world, India will increase its grant from $12 million to $15 million to the Global Environment Facility (GEF)’s new four-year investment cycle, known as GEF-7. It was announced by India’s representative to GEF Council Aparna Subramani, during a meeting of the GEF Council in Da Nang, Vietnam. The meeting was part of a 4-day-long conference scheduled to conclude on June 28. Apart from her home country, Subramani also represents Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka in the GEF Council. India, which is both a donor and a recipient of GEF, is among the world’s most vulnerable countries to climate change. The GEF is an international partnership of 183 countries, which is a multilateral financial mechanism to provide grants for environmental projects.