One vital aspect of the negotiations of the Minamata Convention was the discussion about the provision of timely and sufficient technical and financial cooperation for capacity building and convention compliance. The INC discussed financial arrangements to be included in the convention to support parties in the implementation of the convention; the Global Environment Facility (GEF) was designated as the main financial mechanism of the Minamata Convention on Mercury. The GEF played a large role in the negotiations of the Convention, and aims to provide up to $10 million for the funding of an “early action pre-ratification program” to be put into effect immediately as requested by eligible signatory countries. This program is intended to aid in the assessment of the respective country’s mercury situation as well as the identification of necessary policy and regulatory modifications that will be required for the implementation of the Convention.
For more information on the Global Environment Facility, visit their site at: http://www.thegef.org/gef/home
GEF and the Minamata Convention on Mercury: http://www.thegef.org/gef/node/9948