Global Framework on Chemicals Fund

About Global Framework on Chemicals Fund: 

• It was established during the fifth International Conference on Chemicals Management (ICCM5) in September 2023.
• It supports countries in implementing this international agreement that guides countries and stakeholders in jointly addressing the lifecycle of chemicals, including products and waste. 
• The objective of the Fund is
  • To support implementation activities in developing countries, least developed countries, Small Island Developing States and countries with economies in transition.
  • This will be achieved by financing projects and programmes that will support transformative change to prevent, or where prevention is not feasible, minimize harm from chemicals and waste to protect the environment and human health,
• The Executive Board takes the operational decisions and oversees the functioning of the Fund. It is composed of:
  • 2 National representatives of each United Nations region
  • Representatives of all donors and contributors. 
• Financing: The Fund provides financial support of 300,000 to 800,000 USD for an implementation period of up to three years.
• Funding for the GFC Fund is provided through voluntary contributions.

What is Global Framework on Chemicals?

• The framework is based around 28 targets that aim to improve the sound management of chemicals and waste. 
• The multi-sectoral agreement focuses on chemicals and waste and calls for the prevention of illegal trade, the strengthening of national legal frameworks, and the elimination of highly hazardous pesticides in agriculture by 2035.

Q1: What are Pesticides?

These are toxic substances used to kill animals, fungi, or plants that cause economic damage to crop or ornamental plants or are hazardous to the health of domestic animals or humans. They interfere with normal metabolic processes in the pest organism and often are classified according to the type of organism they are intended to control. 

Source: New fund to support chemicals and waste management in developing economies