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The Adaptation Fund was established 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 from the share of proceeds on the clean development mechanism (CDM) project activities and
other sources of funding. The share of proceeds amounts to 2% of certified emission reductions (CERs)
issued for a CDM project activity.
The Adaptation Fund is supervised and managed by the Adaptation Fund
Board (AFB). The AFB is composed of 16 members and 16 alternates
and meets at least twice a year ( Membership as
of March 2012 (45 kB) ).
Upon invitation from Parties, the Global Environment Facility (GEF) provides secretariat services to
the AFB and the World Bank serves as trustee of the Adaptation Fund, both on an
interim basis.
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At the eighth meeting of the Conference of the Parties serving as the meeting of the Parties to the
Kyoto Protocol (CMP 8), Parties noted with concern issues related to the sustainability, adequacy and
predictability of funding from the AF based on the current uncertainty on the prices of CERs and the
continuation of the AF during and beyond the second commitment period of the Kyoto Protocol.
Parties requested the AFB to report to the Subsidiary Body for Implementation (SBI) at its
thirty-eighth session on the status of resources of the Fund, trends in the flow of resources and any
identifiable causes of these trends. Furthermore, Parties decided to consider at CMP 9 means to enhance
the sustainability, adequacy and predictability of these resources, including the potential to
diversify revenue streams of the AF, taking into consideration the report of the AFB.
The CMP continued to encourage Annex I Parties and international organizations to provide funding to
the AF, which will be additional to the share of proceeds from CDM project activities.
The secretariat was requested to prepare a technical paper, based on the experiences of
bodies under the Convention and the wider United Nations system, on the process of
selecting host institutions for entities under the Convention and the wider United Nations
system, including the steps and time frames required to conduct open and competitive
bidding processes, for consideration by SBI 38.
Review of the AF
Parties decided that the interim institutional arrangements of the trustee of the AF, as provided by
decision 1/CMP.3 and
contained in the terms and conditions of services to be provided by the International Bank for
Reconstruction and Development (the World Bank) as trustee of the AF, adopted by decision 1/CMP.4 and amended
by decision
5/CMP.6, will be extended until June 2015. The Chair of the AFB was requested to discuss with the
World Bank the extension of the terms and conditions of services to be provided and to submit a
recommendation for consideration by CMP 9.
CMP 9 also decided to extend the interim institutional arrangements of the secretariat of the
AFB, as provided by decision
1/CMP.3, until the completion of the second review of the AF in 2014.
The AFB was encouraged to continue working with the interim trustee for the AF on further enhancing
the process of monetization of certified emission reductions, and to continue enhancing access to
funding from the AF, especially through its direct access modality. Furthermore, it was requested to
consider how to further improve accessibility to funding from the AF, especially through its direct
access modality, and to report on its conclusions to CMP 9.
SBI 38 was requested to initiate the second review of the AF in accordance with the terms of
reference contained in the annex to decision 6/CMP.6, or as
these guidelines may be subsequently amended, and to report back to CMP 9, with a view to the review
being
undertaken by CMP 10.
Workshops on Accreditation of National Implementation Entities
More information on workshops on the accreditation of National Implementation Entities can be found
here.
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