What is World Bank – GEF Project?

Global Environment Facility (GEF) and the World Bank through SIDBI and BEE are implementing a new initiative on financing Energy Efficiency (EE) in MSME Clusters in India to improve EE and reduce Green House Gas (GHG) emissions from MSMEs utilizing increased commercial financing for EE. The Grant agreement was signed on September13,2010 and effectuation of this grant took place on October28,2010. Total GEF Funding under the project available to SIDBI is9.05 Million USD to be utilized over a period of four years. In addition to the grant to SIDBI , GEF has also provided a grant of USD2.25 Million to the Bureau of Energy Efficiency (BEE) for implementation of energy efficiency at MSMEs in India.. A Project Management Unit in SIDBI has been setup at New Delhi to channelize the grant to the targeted beneficiaries.

Under the project, SIDBI will focus largely on five energy intensive clusters viz. foundry cluster at Kolhapur, Forging at Pune, Limekilns at Tirunelveli, Chemical at Ankleshwar and mixed at Faridabad) in India through provision of assistance for completion of Energy Audits, preparation of DPRs and support in mobilization of financing from the Indian local banks to ensure that the identified EE measures are implemented. SIDBI will also provide broad support to BEE for energy efficiency implementation in additional25 clusters where the initiatives are being undertaken by them. The project will focus on four main activities viz. as1) Activities to build capacity and awareness for EE in MSMEs,2) Activities to increase investments in EE in MSMEs,3) Programme knowledge management, and4) Project management.

The GEF commits US$100 million for an innovative integrated program on Sustainable Cities. The program will provide a safe and supported space for cities to experiment, reflect, share, and establish a sensible and rigorous framework of analysis.

Good answers it is basically world bank project to protect the environment.

GEF is the global Environment change program establish by WB in1991. It consist of more than790 investment project in more than120 countries across the world.

Of course , it's Abt Global Environment facility

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I AGREE WITH VENIOD ANSWER 

I agree also with Mr. Vinod Jetley 

I also have found the website below which has an interesting article about the subject

http://www.worldbank.org/en/topic/climatechange/brief/gef

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