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
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.
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
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