Global Environment Facility approves landmark USD 206.8 million programme to eliminate PCBs (polychlorinated biphenyls) by 2028
Geneva, 16 December 2024 – The Global Environment Facility (GEF) Council has approved a groundbreaking global programme dedicated to the elimination of a class of harmful chemicals called polychlorinated biphenyls (PCBs) primarily found in electrical transformers around the world. This ambitious initiative combines USD 43.8 million in GEF grant funding with USD 163 million in partner co-financing and represents a major milestone towards meeting the Stockholm Convention’s 2025 and 2028 PCB elimination goals and facilitating the energy transition to reduce the effects of climate change.
The Executive Secretary of the Basel, Rotterdam and Stockholm Conventions, Mr. Rolph Payet, said that “the approval of the Global Elimination Programme for PCBs marks a critical step toward achieving the 2025 and 2028 goals of the Stockholm Convention.