The Adaptation Fund was established to finance concrete adaptation projects and programs in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. Adaptation Fund investments predominantly support food security, agriculture, water management, and disaster risk reduction projects for the promotion of community resilience. Uniquely, financing for the Adaptation Fund comes mainly from sales of certified emission reductions (CERs). The share of proceeds amounts to 2 percent of the value of CERs issued each year for Clean Development Mechanism (CDM) projects. The Fund is also financed in part by government and private donors.
Activities supported include:
- Water resources management, land management, agriculture, health, infrastructure development, fragile ecosystems;
- Improving the monitoring of diseases and vectors affected by climate change, and related forecasting and early-warning systems, and in this context improving disease control and prevention;
- Supporting capacity building, including institutional capacity, for preventive measures, planning, preparedness and management of disasters relating to climate change; and
- Strengthening existing and, where needed, establishing national and regional centres and information networks for rapid response to extreme weather events, utilising information technology as much as possible.
For information on accessing Adaptation Fund Readiness support, please see a separate entry here.
USD 878 million allocated to climate adaptation activities
The Adaptation Fund Board accepts and considers project and program proposals three times a year. The next submission deadline can be found on the calendar, on this website.