The Adaptation Fund

The Adaptation Fund
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Formation	2001
Type	International Fund
Headquarters	Washington, D.C., United States
Membership	N/A
Language	N/A
Leader title	N/A
Leader name	N/A
Website	adaptation-fund.org

The Adaptation Fund is an international financial institution established to finance projects and programs that help developing countries adapt to the adverse effects of climate change. It was established under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) and has been operational since 2009.

History

The Adaptation Fund was created in 2001 at the 7th Conference of the Parties (COP 7) to the UNFCCC in Marrakech, Morocco. It was designed to finance concrete adaptation projects and programs in developing countries that are particularly vulnerable to the adverse effects of climate change.

Governance

The Adaptation Fund is supervised and managed by the Adaptation Fund Board (AFB), which is composed of 16 members and 16 alternates representing both developed and developing countries. The AFB is accountable to the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP).

Funding Sources

The Adaptation Fund is primarily financed through a 2% levy on the Certified Emission Reductions (CERs) issued for projects of the Clean Development Mechanism (CDM) under the Kyoto Protocol. It also receives contributions from governments, the private sector, and individuals.

Objectives

The main objective of the Adaptation Fund is to finance concrete adaptation projects and programs in developing countries that are particularly vulnerable to the adverse effects of climate change. These projects aim to increase the resilience of communities and ecosystems to climate change impacts.

Projects and Programs

The Adaptation Fund supports a wide range of projects and programs, including:

• Water management: Projects that improve water supply and sanitation, and enhance water resource management.
• Agriculture: Initiatives that promote climate-resilient agricultural practices and improve food security.
• Coastal zone management: Efforts to protect coastal areas from sea-level rise and extreme weather events.
• Disaster risk reduction: Programs that enhance the capacity of communities to prepare for and respond to climate-related disasters.

Accessing the Fund

Developing countries can access the Adaptation Fund through accredited National Implementing Entities (NIEs), Regional Implementing Entities (RIEs), or Multilateral Implementing Entities (MIEs). These entities are responsible for developing and implementing projects and programs funded by the Adaptation Fund.

Also see

• Kyoto Protocol
• United Nations Framework Convention on Climate Change
• Clean Development Mechanism
• Climate change adaptation
• Green Climate Fund