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The Adaptation Fund was established to finance concrete adaptation projects and programmes in
developing countries that are Parties to the Kyoto Protocol. The Fund is to be financed with a
share of proceeds from clean development mechanism (CDM) project activities and receive funds from
other sources. The share of proceeds amounts to 2% of certified emission reductions (CERs) issued for
a CDM project activity. The developing country Parties to the KP that are particularly vulnerable to
the adverse effects of climate change are eligible for funding to assist them in meeting the costs of
adaptation. The fund will finance concerete adaptation projects and programmes that are
country driven and are based on the needs, views and priorities of eligible Parties.
Extensive information how applying for funding through the Adaptation Fund may be found on the
How To Apply page. Additional
information regarding the eligibility criteria for programmes, as well as criteria for review and
approval may be found in the document 
Operational Policies and Guidelines to Access Resources from the Adaptation Fund (517 kB) .
Additional information regarding the priorities of the Adaptation Fund and the criteria applied when
the Adaptation Fund assignes priority to projects may be found in the document Draft
Strategic Priorities, Policies and Guidelines of the Adaptation Fund.
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