Governments provide the core of our funding. UN Environment is governed by 193 Member States who have given themselves a universal responsibility to provide sufficient resources to fund our programme and budget, which are approved by them. Altogether, 188 countries made a voluntary contribution to the Environment Fund in the period 1973-2017. The top 15 contributors to the Environment Fund provided up to 90 per cent of the total income to the Fund.
Multilateral Entities and UN Partners
UN Environment works together with the European Commission, an important partner which provides support for actions at global and regional level. Areas of common interest include environmental governance, resource efficiency and green economy, sound management of chemicals and waste, ecosystems services and natural capital, as well as the science-policy interface.
UN Environment also works in partnership with the Global Environment Facility (GEF) and the Green Climate Fund (GCF) in funding environmental projects and activities that are aligned with its Programme of Work and Medium-Term Strategy.
Foundations and High Net-Worth Individuals
Foundations are playing an important role in development work with potentially $120 trillion in investment funds that are seeking opportunities to invest. This is an area rich with potential for UN Environment. The objective of engaging with this sector is to identify high-value partnerships that that can be developed in order to secure the highest returns with the cleanest fit between the agendas so that long-term transformative partnerships for change are set in place. This would include both direct funding for UN Environment and support to areas and organisations who replicate and support the implementation of our programme.
Private sector actors, be they multinational corporations, state-owned enterprises or small and medium scale companies, all have stake in better environmental governance, and deploy significant resources in this area. While the governments strengthen policies and regulatory frameworks, the private sector is critical for implementing them, promoting innovation, creating new green jobs, and fostering sustainable economic development.
In this context, UN Environment is elevating its level of engagement with the private sector by building partnerships, including supporting public-private partnerships and collaboration, that contribute to the implementation of the organisation’s mandate, engage private sector in the work of the governing bodies, help private sector green their own businesses as well as promote sharing of data, learning and best practices.
Innovative Funding Mechanisms
New and innovative funding mechanisms is an area that UN Environment could explore further. The funds generated would complement our core funding.