About the Adaptation Fund

  The Adaptation Fund was established to finance concrete adaptation projects and programmes in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. Over the past three years, the fund has dedicated more than US$ 225 million to increase climate resilience in 34 countries around the world.

  Climate change is increasing the burdens of 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. 

 

 

Governance and Administration

The Adaptation Fund is supervised and managed by the Adaptation Fund Board (AFB).  The Board is composed of 16 members and 16 alternates and holds periodic meetings throughout the year.

The World Bank serves as trustee of the Adaptation Fund on an interim basis. 

 

Resources

Under the Clean Development Mechanism (CDM), emission-reduction projects in developing countries can earn certified emission reduction (CER) credits. These credits can be traded and sold by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol. Financing for the Adaptation Fund comes mainly from sales of certified emission reductions.  The share of proceeds amounts to 2 per cent of the value of CERs issued each year for CDM projects.

The fund also receives contributions from governments, the private sector, and individuals.

 

Legal Capacity of the Adaptation Fund Board

The Adaptation Fund Board has had legal capacity in the Federal Republic of Germany since 1 February 2011. Please see "Act to establish the legal capacity of the Adaptation Fund Board in Germany (PDF)".

 

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Act to establish the legal capacity of the Adaptation Fund Board in Germany66.33 KB