Paris Agreement Adaptation Fund

“This milestone decision will help stabilize the Fund during the transition from the Kyoto Protocol to the Paris Agreement, while recognizing its valuable niche in financing concrete adjustment projects for the most vulnerable,” said Sylviane Bilgischer, current Vice-President and new Chair of the Adjustment Funds Committee. “The Adjustment Fund`s direct access policy continues to implement country ownership in adaptation, and this decision will support the Fund`s progress and help us reach many other vulnerable communities with much-needed adaptation solutions. 2011/2012: In January, the first AF-funded project was launched in Senegal. In March 2012, 18 projects were approved and 11 national enforcement agencies accredited. The event will discuss the role of the Adaptation Fund in financing adaptation to climate change. The dialogue brings together representatives of delegations from contributing countries as well as guest representatives from recipient countries and civil society organizations. It will highlight the Fund`s progress and the importance of ensuring sustainable flows of climate finance. The flexibility and effectiveness of the Fund`s transparent process, as well as the experience gained to date through direct access through national implementation agencies, are also shared. The adjustment fund was funded primarily by a portion of revenue from the Clean Development Mechanism (CDM) project activities and other sources.

However, the modest initial contribution of 131 euros was made by students from the Euskirchen Marian School, after Stuart Scott, who attended a meeting commemorating the negotiations, presented you with a lecture on the climate crisis. The current share of CDM revenues is 2% of the certified emission reductions (RECs) that are spent on a CDM project activity. As of September 30, 2013, the Fund had generated $188.6 million in revenue from ERC sales. [4] As of November 30, 2013, the Fund had $156 million available for climate change projects. [5] In early November 2013, the Adaptation Fund Board (AFB) provided approximately $200 million to support climate change adaptation in 29 countries. [6] As of October 2015, the Adjustment Fund had committed $331 million to 54 countries. [7] Explore an interactive map of the many climate change adaptation projects funded by the Adaptation Fund. The language attached to the new COP21 agreement included the following references to the Adjustment Fund (AF): the AFB consists of 16 members and 16 alternates: non-Annex I countries, least developed countries (LDCs), small island developing states (SIDS) and regional constituencies.

All decisions should be taken by mutual agreement. If a consensus is not possible, the quorum must be reached for two-thirds of the board member. As a general rule, the AFB meets four times a year every three months (most often in Bonn), with the Board of Directors looking at the Fund`s guidelines and reviewing project proposals for funding.