WHAT ARE INCREMENTAL COSTS

The incremental cost restriction means that the GEF is limited to funding activities necessary to secure global environmental benefits which impose greater costs than benefits at the national level.
These activities would not ordinarily be undertaken in a “business as usual” situation because the NATIONAL benefits MAY not justify the costs.

The incremental cost restriction means that the GEF is limited to funding activities necessary to secure global environmental benefits which impose greater costs than benefits at the national level.