Global Environment Facility investments in the phase-out of ozone-depleting substances.

Stratospheric ozone depletion threatens human health and the global environment. In 1987, the Montreal Protocol on Substances That Deplete the Ozone Layer (Montreal Protocol) set aggressive timelines for countries to phase-out products and organic chemicals that were causing rapid ozone depletion in the Antarctic stratosphere. The Global Environment Facility (GEF), established in 1991, is the largest multilateral funder of environmental protection projects and provides financial support for implementation of the Montreal Protocol. This paper summarizes GEF investments to address ozone-depleting substances (ODS) in Countries with Economies in Transition (CEITs), presents case studies from representative countries, and discusses lessons learned. Complementing the work of the Multilateral Fund that supports developing country Parties of the Montreal Protocol, the GEF provides financial support to CEIT's to address ODS phase-out targets and timelines. These investments include technology development and transfer, outreach and training, institution building, and programs to phase-out ODS. Working with partners in the public and private sectors, the GEF has allocated approximately US$210 million, leveraging another US$250 million in co-financing, for 28 ODS phase-out projects in 18 CEITs. GEF ODS project investments in CEITs have contributed to Protocol success by phasing-out 20,000 ozone depletion potential (ODP) Megagrams (Mg) of consumption and 29,000 ODP Mg of production. Among the GEF's most significant efforts to eliminate ODS are projects that transfer technologies and strengthen institutional capabilities of partner countries. These projects have enabled the installation of non-ODS technologies, adoption of best practices by the private sector, and provided CEITs with the legislative and policy framework necessary to sustain ODS phase-out. Almost 25 years after its establishment, the Montreal Protocol with support from financial mechanisms such as the GEF, is a successful model for addressing global environmental challenges. [ABSTRACT FROM AUTHOR]