The 32-member Council will consider a new work program under the GEF’s eighth replenishment cycle (GEF-8) totaling over USD 550 million, which is expected to generate over USD 4 billion in co-financing for projects benefitting people and the planet.

The Plenary launched the Nexus Assessment on the interlinkages among biodiversity, water, food, and health, and the Transformative Change Assessment on underlying causes of biodiversity loss, determinants of transformative change, and options for achieving the 2050 Vision for Biodiversity.

A Just Land Transition would enable restoration of drylands while ensuring jobs, agricultural productivity, and social safety nets. Realizing this vision, speakers suggested, will require not only funding but also empowering community-based and women-led organizations.

Members reaffirmed the central role of sustainable tropical timber trade in meeting global environmental and development objectives. Yet, despite high global funding levels for forests, clarity on how these ambitions will be financed remains limited.