The Asia- pacific Economic Cooperation and the Global
environment Facility
Roles- Abejar
Functions-Montalban
Objectives-Robles
Difference-Robles
Comparison-Montalban
Conclusion- Abejar
_____________________________________________________________________________________
Roles of APEC
 The globalization strategy of APEC to date has
been incomplete, however. It has failed to
recognize fully that trade and investment
liberalization, while clearly in the overall
interest of all of its member economies, levies
costs on some groups and individuals within
each of those economies.
 APEC works in so many different areas that it
would be impossible to rank order such a
diversity of initiatives. The best approach would
be to highlight a few examples from a number
of the areas that benefit businesses most directly
 APEC works in so many different areas that it
would be impossible to rank order such a
diversity of initiatives. The best approach would
be to highlight a few examples from a number
of the areas that benefit businesses most directly
 aim to create greater prosperity for the people of
the region by promoting balanced, inclusive,
sustainable, innovative and secure growth and
by accelerating regional economic integration.
Roles of GEF
 GEF serves as the financial mechanism for the
Convention on Biological Diversity (CBD), the
United Nations Framework Convention on
Climate Change (UNFCCC), and the
Stockholm Convention on Persistent Organic
Pollutants. In this capacity, the GEF
functions under the guidance of the
Conventions.
 The GEF supports projects in reversing and
preventing desertification/land degradation and
in mitigating the effects of drought in affected
areas in order to support poverty reduction and
environmental sustainability.
 the GEF represents the single largest source of
international financial assistance for achieving
global environmental benefits its investment in
International Waters remains comparatively
small. Since the GEF is designed to achieve
global environmental benefits through
provision of grant and concessionary funding
for the agreed incremental costs of projects its
primary objective is not capacity building.
Nevertheless, the need for capacity building at
the individual and institutional levels within
projects was recognised early during the
 initiation of GEF activities.

The functions of APEC The functions of GEF

include: include:
1. To enhance social equity in the region
2. It helps to improve the competitiveness of 1. Strategically focusing its investments to
SME by promoting entrepreneurship and catalyze transformational change in key
innovation by connecting technology start-ups systems that are driving major environmental
with funding and mentors loss, in particular energy, cities and food;
3. To reduce non-renewable energy in the region 2. Prioritizing integrated projects and programs
and to work toward doubling the share of that address more than one global
renewable energy by 2030. environmental problem at a time, building on
4. To improve logistics and transport networks to the GEF's unique position and mandate to act
enable component parts and final goods to on a wide range of global environmental
travel across multiple borders, contributing to a issues; and
more efficient regional supply chain. 3. Implementing new strategies and policies to
5. To connect the region through improving enhance results, including stronger
physical infrastructure linkages, people engagement with the private sector,
mobility and institutional ties across the Asia- indigenous peoples, and civil society, and an
Pacific. increased focus on gender equality.
6. To foster transparency, competition and better
functioning markets in the Asia-Pacific
through regulatory reform, improving public
sector and corporate governance, and
strengthening the legal infrastructure.
7. Improved the ease of doing business in the
Asia-Pacific
8. Making it Easier to Trade Across Borders
9. To promoting trade and economic growth in
the Asia-Pacific.

Objectives of APEC Objectives Of GEF

To Sustain the growth and development of the region GEF OBJECTIVES GEF lies in its role as an
for the common good its peoples and, in this way, to effective financing mechanism for many multilateral
contribute to the growth and development of the world environmental conventions covering a wide range of
economy. To enhance the positive gains, both for the global environmental issues.
region and the world economy, resulting from
increasing economic interdependence, including by
encouraging the flow of goods, services, capital and
technology. To develop and strengthen the open
multilateral trading system in the interest of Asia-
Pacific and all other economies. To reduce barriers to
trade in goods and services and investment among
participants in a manner consistent with GATT
principles, where applicable, and without detriment to
other economies.
Grouping different environmental treaties and
addressing them under the same financial mechanism
helps in tackling crosscutting issues and avoiding the
transfer of negative environmental impact between
the focal areas. To give you an example, as
deforestation affects both biodiversity as well as
climatic changes, GEF holds the potential of
increasing the efficacy of all related treaties by
collecting and addressing them under one single
umbrella. In the same way, in case of the ozone focal
area, targeting reduction and elimination of ozone-
depleting substances could potentially contribute to
the reduction of climatic changes as well, because
many of the ozone-depleting gases are greenhouse
gases too.

Differences
GEV vs. APEC
Global Environment Facility (GEF) is a global organization that provides grants for projects
related to biodiversity, climate change, international waters, land degradation, the ozone layer, persistent
organic pollutants (POPs), mercury, sustainable forest management, food security, sustainable cities. On
the other hand, APEC works to help all residents of the Asia-Pacific participate in the growing economy.
For example, APEC projects provide digital skills training for rural communities and help indigenous
women export their products abroad. Recognizing the impacts of climate change, APEC members also
implement initiatives to increase energy efficiency and promote sustainable management of forest and
marine resources. Therefore, APEC is a regionalization because it promotes sustainable economic growth
in the region. While GEF is a globalization because it is a multilateral organizational arrangement that
embodies partnerships at different levels and dimensions.

Comparison:
The Asia-Pacific Economic Cooperation (APEC) works to help all residents of the Asia-Pacific
participate in the growing economy. It aims to create greater prosperity for the people of the region by
promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional
economic integration. The Global Environment Facility (GEF) is an ‘international fund’ and an
independently operating financial organization to tackle earth’s immediate environmental problems.
APEC enhance the social equity in the region while the GEF have a national benefit into one with global
environmental benefits.

Conclusion
APEC ensures that goods, services, investment and people move easily across borders. Members
facilitate this trade through faster customs procedures at borders; more favorable business climates behind
the border; and aligning regulations and standards across the region. The initiatives put forward
in APEC help the Philippines stimulate and improve the competitiveness of domestic producers and
sectors. It is to the economy's advantage to utilize these initiatives, backed with the upgrading of domestic
facilities to meet global standards and the aligning of domestic regulations while the GEF was created to
provide new and additional grant and concessional funding to meet the agreed incremental costs of
measures to achieve agreed global environmental benefits. This mission has remained in place over the
years with the addition of new focal areas, strategic priorities, and partners

MEMBERS: JULIUS MARK A. ABEJAR

CLINT AGUSTIN ROBLES
JELINDA MONTALBAN