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TERMINOLOGY (CON’T)
Alternative Strategy: The set of interventions required to mitigate the global environmental problem.
The difference between baseline costs and the costs of implementing the alternative strategy = the Incremental Costs.
INCREMENTAL COSTS
=
ALTERNATIVE COSTS – BASELINE COSTS
The GEF provides funding only for those activities that would not ordinarily be undertaken at the national level because the benefits do not justify the costs.