When was the adaptation fund established

Learn more. Individuals or organizations may donate directly to the Adaptation Fund to help vulnerable communities adapt to climate change. Click here for information. Enhanced Direct Access to provide vulnerable countries with further opportunities to access funds needed on the ground. Explore an interactive map of the many climate adaptation projects that the Adaptation Fund has financed. 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. Your Email required. The Secretariat is based in Washington, D. On behalf of the Fund, the World Bank performs two core functions. Any organisation that wishes to implement Adaptation Fund projects must submit an application for accreditation providing documentation indicating that it meets the fiduciary standards adopted by the Board.

The Accreditation Panel reviews and assesses the application based on fiduciary standards. The panel makes recommendation to the AF Board. AF Board announces their final decision on accreditation of entity. One year prior to the expiry of the five year accreditation period, the entity, if so desired, needs to reapply for accreditation. Steps then repeat for re-accreditation. Overview of implementing entities — To have direct access to the Fund, entities need to be accredited as an implementing entity.

Accredited implementing entities can be multilateral under international access or national and regional under direct access. The vast majority of the implementing entities of the Fund, which pioneered direct access, are direct access entities. Gender — Gender is presented as being a strategic priority for the Adaptation Fund. It is fully accountable to the Conference of the Parties, which decides its overall policies in line with relevant decisions.

The Adaptation Fund Board meets at least twice a year. The Board is composed of 16 members and 16 alternates representing Parties to the Kyoto Protocol. Board members serve for a two-year term, renewable once. The Adaptation Fund AF was established in to finance concrete adaptation projects and programmes in developing country Parties to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.

The Adaptation Fund is financed with a share of proceeds from the clean development mechanism CDM project activities and other sources of funding. Parties also decided that once the share of proceeds becomes available under Article 6, paragraph 4, of the Paris Agreement, that the Adaptation Fund shall no longer serve the Kyoto Protocol. Furthermore, Parties decided that the Adaptation Fund shall continue to receive the share of proceeds, if available, from activities under Articles 6, 12 and 17 of the Kyoto Protocol.