The Adaptation Fund

By October 22, 2020 Financing Mechanisms


About

Climate change is predicted to greatly affect the poorest people in the world, who are often hardest hit by weather catastrophes, desertification, and rising sea levels, but who have contributed the least to the problem of global warming. In some parts of the world, climate change has already contributed to worsening food security, reduced the predictable availability of fresh water, and exacerbated the spread of disease and other threats to human health. Helping the most vulnerable countries and communities is an increasing challenge and imperative for the international community, especially because climate adaptation requires significant resources beyond what is already needed to achieve international development objectives.

The Adaptation Fund finances projects and programmes that help vulnerable communities in developing countries adapt to climate change. Initiatives are based on country needs, views and priorities. The Fund was established under the Kyoto Protocol of the UN Framework Convention on Climate Change, and since 2010 has committed US$ 720 million to climate adaptation and resilience activities, including supporting 100 concrete adaptation projects.

The Fund is financed in part by government and private donors, and also from a two percent share of proceeds of Certified Emission Reductions (CERs) issued under the Protocol’s Clean Development Mechanism projects.

Apply for Funding

1- Get Accredited with the Adaptation Fund

To apply for project and programme funding, countries must submit proposals through an accredited institution. There are three categories of accredited institutions:

Only institutions accredited by the Adaptation Fund may receive funding for adaptation projects. After accreditation, the entity may submit project proposals aligned with national priorities for consideration by the Adaptation Fund Board.

National implementing entities fall under the Adaptation Fund’s Direct Access modality, which enables entities to directly access financing and manage all aspects of climate adaptation and resilience projects, from design through implementation, to monitoring and evaluation. Direct Access allows developing countries to strengthen capacity to adapt to climate change and build on local expertise.

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2- Apply for Project Funding

After the Adaptation Fund Board decides to accredit an entity considering the recommendation by the Accreditation Panel, the entity can submit a concept or a full project proposal. Parties seeking financial resources from the Adaptation Fund must submit their project and programme proposals through accredited National, Regional, or Multilateral Implementing Entities. Proposals will be reviewed with respect to specific criteria available in the Operational Policies and Guidelines.

Proposals are accepted three times a year: twice before the biannual Adaptation Fund Board meetings and once during an intersessional review cycle. Please see the events calendar for upcoming submission deadlines.