Plastics Treaty Legal Advisory Service Note: Considerations for the use of an existing Financial Mechanism to fund Treaty Implementation
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- Regional project
- Country project
- Document type
- Intergovernmental Negotiating Committee on Plastic Pollution - Technical Resource for Pacific Island Courtiers
(Publications under review and may be updated prior to 30 September)
At INC-2, states expressed divergent views on whether a new dedicated multilateral fund should be established by the new treaty and/or whether existing financing mechanisms should be leveraged, such as the Global Environment Facility – possibly through a dedicated window.
This note considers existing multilateral financial mechanisms that may be suitable for providing finance to assist developing states to implement a plastics treaty, and the advantages and disadvantages of using an existing mechanism as opposed to establishing a new mechanism.