Abstract:

Background & Aims: As one of the megadiverse countries in the world, China is facing greater biodiversity challenges, for which requires significant financial support. Considering that a single source of domestic funding could place a burden on developing countries, the Kunming-Montreal Global Biodiversity Framework Fund (the GBF Fund), managed by the Global Environment Facility (GEF), will mobilize additional financial support for China and other developing countries.

Progress: This paper reviews the basic situation and management policies of the GEF and the approval processes for different types of GEF projects, compares the similarities and differences between the GEF and GBF Fund in terms of funding sources, and provides advices at three levels. At the international level, the paper proposes to extend the operating period of the framework fund, strengthen the coordination between the GBF Fund and the Kunming Biodiversity Framework Fund. At the government level, the paper proposes to strengthen domestic guidance and publicity, research and determine the priority direction on project application. At the level of application strategy, the paper puts forward suggestions to strengthen the research and judgment of project application direction and fund amount and strengthen communication with key stakeholders.

Key words: Biodiversity, The Convention on Biological Diversity, Global Biodiversity Framework Fund