Claude Gascon, Interim CEO and Director of Strategy and Operations at the Global Environment Facility. Credit: The GEF
By Stella Paul
WASHINGTON D.C. & HYDERABAD, India, May 19 2026 (IPS)
As governments prepare for the Eighth Assembly of the Global Environment Facility (GEF) – scheduled to be held from May 30 to June 6 in Samarkand, Uzbekistan – the stakes are unusually high.
Climate change, biodiversity collapse, pollution, debt distress and geopolitical fragmentation are converging at a moment when environmental finance is under growing scrutiny. For many countries in the Global South, the challenge is no longer only about ambition but also about whether global systems can deliver fast enough and fairly enough.
For Claude Gascon – Interim CEO and Director of Strategy and Operations at the GEF – the question facing the organisation is how to turn urgency into action while operating in an increasingly volatile world.
“A meaningful outcome is turning urgency into action,” Gascon says in an exclusive interview with IPS, describing what success at the upcoming Assembly would look like. That includes public confirmation of country pledges to the GEF and final approval of a strong GEF9 package that will guide investments for the next four years. He also points to endorsement of several priorities that the institution sees as central to its future direction: integrated programming, blended finance, whole-of-government approaches, and stronger support for Least Developed Countries (LDCs), Small Island Developing States (SIDS), and Indigenous Peoples and local communities (IPLCs).
“All this signals that multilateralism is delivering and positions us to accelerate impact in the final sprint toward the 2030 global environmental goals,” he says.
Gascon stepped into the role of Interim CEO during a period of overlapping crises and mounting pressure on international institutions. While many governments continue to demand bigger environmental outcomes, donor fatigue, economic instability and competing geopolitical priorities are tightening the availability of public finance.
“We need to do more with less, and to accomplish that, we chose disciplined ambition,” he says.
The full interview follows:
IPS: The Eighth GEF Assembly comes at a time of overlapping crises – climate change, biodiversity loss, and pollution. What, in your view, would define a meaningful outcome from this Assembly?
Claude Gascon: A meaningful outcome is turning urgency into action. This includes public confirmation of country pledges to the GEF and final approval of a strong GEF-9 package that will guide our investments for the next four years. The Assembly is also an opportunity for clear endorsement of the ambitious priorities we’ve agreed on: a focus on integration and integrated programs, mainstreaming blended finance to mobilise private capital, whole-of-government and whole-of-society approaches, and strengthened support for Least Developed Countries (LDCs), Small Island Developing States (SIDS), and Indigenous People and local communities (IPCLs). All this signals that multilateralism is delivering and positions us to accelerate impact in the final sprint toward the 2030 global environmental goals.
IPS: As the Interim CEO, you are navigating a volatile global context. What difficult trade-offs have you had to make between ambition and feasibility?
Gascon: We need to do more with less, and to accomplish that, we chose disciplined ambition. For example, we are channelling resources through integrated programs in nature, food, urban, energy, and health systems and setting a target of programming 25 percent of our resources to mobilise private capital and stretch scarce public funds. We are also simplifying access and speeding decisions, so countries see real progress sooner. And finally, we are working to expand our partnerships with new stakeholders such as private philanthropies to collaborate on joining our public investments with the private investments of foundations so that together we can scale up the outcomes that are critical to achieving the 2030 goals.
IPS: Countries facing debt and instability say targets feel out of reach. Should expectations be recalibrated or should financing mechanisms evolve?
Claude Gascon: We need to acknowledge these difficulties, but our response must be by evolving financing and delivery instead of lowering the goals. The GEF-9 opens more space for innovation and expands tracking of socio-economic co-benefits and transformational outcomes. There will also be a full review of the resource allocation model during the GEF-9 investment cycle to inform comprehensive changes in the GEF-10 cycle (from 2030 to 2034). The aim is faster, more flexible access that mobilises private and domestic finance alongside official development assistance (ODA). We must also work to support countries in their efforts to align national policies and eliminate perverse subsidies that could help in achieving global environmental goals.
IPS: With climate finance increasingly tied to geopolitical priorities, is there a risk of weakening multilateral funds like the GEF?
Claude Gascon: The opposite signal is coming through this replenishment. Even amid competing priorities, contributors have pledged an initial US$3.9 billion, with final approval due at the end of May from the GEF Council and public country announcements at the Assembly. The GEF’s family of funds and role across six international environmental conventions uniquely positions us to align diverse finance streams with agreed-upon global goals. That provides coherence and stability countries can count on.
IPS: Several Global South governments argue the GEF cycles are still too slow. What concrete changes can countries expect in speed and flexibility?
Gascon: I can give you three examples of practical shifts. First, the GEF is expanding the successful model of the Global Biodiversity Framework Fund’s one-step project approval process where appropriate. Second, we are increasing multi-trust-fund programming so countries can access multiple windows through a single operation. And finally, we have a cap on allocation of resources per GEF Implementing Agency that increases competition and a target to increase disbursements through Multilateral Development Banks. All these measures are designed to move from pledge to project to results faster.
IPS: The GEF is a connector across CBD, UNFCCC, and UNCCD. How can it strengthen this role without overstretching?
Gascon: By doing what only the GEF can: translate multiple international environmental conventions’ mandates into integrated programs while fostering policy coherence. We operate a family of funds under a shared architecture, coordinating smarter, sharing what works, and aligning with 2030 milestones. This means that one GEF dollar invested can deliver multiple benefits across several of the Conventions.
IPS: Private finance is key to closing gaps, but investors avoid fragile contexts. How realistic is this approach – and what lessons has the GEF learned so far about both its potential and its risks?
Claude Gascon: It’s realistic when structured well. From GEF-6 to GEF-8, US$369.5 million in GEF blended finance mobilised US$6.4 billion in co-financing. That is 17 dollars for each GEF dollar, with more than US$3.5 billion coming from private sources. The GEF also has deep experience with fragile contexts: over the last 35 years, 45 percent of our investments have included at least one conflict-affected country and 88 percent of country-level projects were in fragile situations. The main lesson we learned is to pair risk-sharing instruments and strong local partners around projects that fit local realities.
IPS: How is the GEF improving tracking and communication of real-world impact, especially at the community level?
Claude Gascon: The GEF-9’s results framework strengthens environmental outcome tracking and explicitly expands measurement of socio-economic co-benefits and contributions to transformational change. A Council-approved Knowledge Management & Learning strategy aligns data, learning, and communications, and we will continue spotlighting community-level results through platforms like the Small Grants Program and the Inclusive Conservation Initiative, with expanded inclusion under the whole-of-society approach.
IPS: Critics say global environmental finance reflects donor priorities more than recipient needs. How is the GEF addressing equity, voice, and decision-making for the Global South?
Claude Gascon: Equity is built into GEF-9. We have a goal of allocating 35% of total programming to benefit LDCs and SIDS; and an aspirational target of 20% of GEF-9 financing directed to support IPLCs. These targets are supported by updated guidance and a policy to strengthen IPLC engagement. It is also important to note that all funding decisions are made by recipient countries as to the use of GEF resources. This means that recipient country priorities are well supported in the GEF model.
IPS: How will the GEF remain relevant in an increasingly crowded and complex landscape?
The GEF will stay relevant by being more catalytic, coherent, and faster to impact. We will deepen systems-focused integrated programs; mainstream blended finance, maintain a high but disciplined innovation risk appetite, and streamline access and delivery so countries can deliver once and meet several global goals at the same time.
Note: This feature is published with the support of the GEF. IPS is solely responsible for the editorial content, and it does not necessarily reflect the views of the GEF.
IPS UN Bureau Report
Follow @IPSNewsUNBureau
Related Articles
A cruise ship docks in Roseau, Dominica. The World Meteorological Organization says parts of the Caribbean are experiencing sea level rise above the global average as climate impacts intensify across the region. Credit: Alison Kentish/IPS
By Alison Kentish
CASTRIES, Saint Lucia , May 19 2026 (IPS)
Faster-than-average sea level rise, intensifying hurricanes, extreme heat and worsening swings between drought and flooding are increasing pressure on Latin America and the Caribbean, according to a new report released Monday, May 18 by the World Meteorological Organization (WMO).
The State of the Climate in Latin America and the Caribbean 2025 report warns that rising land and ocean temperatures, increasingly erratic rainfall patterns and rapidly intensifying tropical cyclones are hurting food systems, water security, public health and coastal communities across the region.
“The signs of a changing climate are unmistakable across Latin America and the Caribbean,” WMO Secretary-General Celeste Saulo said in a statement accompanying the report, warning that climate impacts are intensifying across both coastal and inland communities.
The report found that parts of the tropical Atlantic and Caribbean are experiencing sea level rise above the global average, while marine heatwaves and ocean acidification are compounding risks for fisheries, coral reefs and coastal ecosystems.
Extreme weather events affected communities across the region throughout 2025. The report highlighted Hurricane Melissa, which became the first Category 5 hurricane on record to make landfall in Jamaica, causing 45 deaths and economic losses estimated at US$8.8 billion, more than 41 percent of the country’s gross domestic product.
Despite the unprecedented storm, the WMO noted that advance preparedness measures and risk modelling helped reduce loss of life.
Heat-Related Illness and Mortality
The report also warned of growing public health risks linked to extreme heat. Recurrent heatwaves pushed temperatures beyond 40 degrees Celsius across large parts of Central and South America, with experts warning that heat-related mortality in the region is likely underreported.
In Latin America and the Caribbean, rainfall patterns are also becoming increasingly erratic, with longer dry spells and more intense rainfall events contributing to both severe drought and devastating flooding.
While some parts of the region experienced deadly floods and landslides in 2025, severe drought conditions and water shortages affected sections of Central America, the Caribbean and South America, impacting agriculture, reservoirs and food production.
“As extreme heat events intensify, reducing avoidable mortality will require moving from recognition to institutionalized action,” the report stated.
It urged governments to strengthen climate-informed health surveillance systems, improve tracking of heat-related illnesses and deaths, and better integrate meteorological warnings into public health planning.
It also called for greater investment in heat-resilient health infrastructure and stronger coordination between climate and health agencies as extreme heat events become more frequent and severe.
The WMO said climate impacts are increasingly affecting agro-food systems across the region, threatening rural livelihoods, food access and economic stability.
The report comes as Caribbean Small Island Developing States continue to face disproportionate climate risks despite contributing minimally to global greenhouse gas emissions.
Scientists and regional leaders have repeatedly warned that rising ocean temperatures are contributing to stronger storms, coral bleaching and ecosystem disruption across the Caribbean Sea.
Early Warning Systems to Save Lives
The report also highlighted the growing importance of early warning systems and climate services as extreme weather events become more frequent and severe across the region.
The findings come as the United Nations continues to expand its “Early Warnings for All” initiative, which aims to ensure every person on Earth is protected by early warning systems by 2027. It is a goal seen as particularly critical for climate-vulnerable Caribbean Small Island Developing States.
The WMO said advances in forecasting, disaster preparedness and risk modelling are helping countries better anticipate and respond to climate-related hazards, particularly hurricanes, floods and heatwaves.
Jamaica’s response to Hurricane Melissa was highlighted as an example of how advance planning and risk modelling can help reduce loss of life even during unprecedented events.
Despite progress, the WMO warned that gaps remain in climate monitoring and early warning coverage across parts of Latin America and the Caribbean, particularly for vulnerable communities with limited adaptive capacity.
“Climate information is not only about data. It is about people,” Saulo said. “It is about protecting communities from floods, droughts, hurricanes, heatwaves and other hazards.”
For Caribbean nations already grappling with rising seas, stronger storms and mounting economic vulnerability, the report adds to growing calls for greater investment in climate adaptation, resilient infrastructure and early warning systems – tools the WMO says will be critical to helping vulnerable communities adapt to a warming world.
IPS UN Bureau Report
Follow @IPSNewsUNBureau
Related Articles
Excerpt:
A new report from the World Meteorological Organization says rising seas, intensifying hurricanes, extreme heat and worsening drought and flooding across the region are placing growing strain on economies and public health systems.Le gouvernement moldave envisage de remplacer le rouble transnistrien, en vigueur dans la région séparatiste de la rive gauche du Dniestr depuis 1994, par le leu moldave. Côté, Transnistrie, le Président dément tout changement de monnaie.
- Articles / Radio Free Europe, Transnistrie, Moldavie Russie UE, Moldavie, Economie, Relations internationales