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Adaptation Fund

The Adaptation Fund (AF) was established in 2001 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 with a share of proceeds from the clean development mechanism (CDM) project activities and other sources of funding.  The share of proceeds amounts to 2 per cent 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 of the AFB). 

In pdf-icon decision 1/CMP.8, the Parties decided that for the second commitment period, the Adaptation Fund shall be further augmented through a 2 per cent share of the proceeds levied on the first international transfers of AAUs and the issuance of ERUs for Article 6 projects immediately upon the conversion to ERUs of AAUs or RMUs previously held by Parties.

Adaptation Fund membership

For information on the election and membership of the bodies of the Convention and the Kyoto Protocol please click here.
Recent developments 

Resource mobilization

CMP 9 welcomed the financial contributions that have been made to the AF in 2013 by the Government of Sweden and the Brussels-Capital Region in Belgium, and the pledges of contributions to the AF made by the Government of Austria, Belgium, Finland, France, Germany, Norway and Switzerland, which enabled the AF to achieve its goal of the USD 100 million fundraising by the end of 2013.

After the pledges have surpassed the abovementioned initial fundraising target, the AFB, at its 23rd meeting in March 2014, set another target for the resource mobilization strategy of USD 80 million per calendar year in 2014 and 2015 to support the approved projects and programmes. As of December 2014, Germany has made a pledge of EUR 50 million towards the new target. CMP 10 continued to encourage Parties included in Annex I to the Convention to provide funding to support the target.

With regard to the revenue streams of the Fund, CMP 9 decided that an account held in the CDM registry for the AF shall be the recipient of the 2 per cent share of proceeds regarding AAUs and ERUs. Based on the recommendations from the AFB included in its report to CMP 10, Parties adopted the amendment to the terms and conditions of services to be provided by the International Bank for Reconstruction and Development (the World Bank) as trustee for the Adaptation Fund, on an interim basis, which include the legal arrangements regarding the services for the 2 per cent share of proceeds regarding AAUs and ERUs. In this regard, CMP 10 requested the AFB to provide further clarity on the effect of the fluctuation of the price of certified emission reductions and the impact of this fluctuation on the resources available to the Fund.

Second review of the AF

In pdf-icon decision 1/CMP.3, paragraph 33, the CMP decided to undertake a review of all matters relating to the AF, including the interim institutional arrangements (the secretariat and the trustee) every three years. Following the initial review of the AF concluded at CMP 8, the CMP decided that the second review will be undertaken in accordance with the terms of reference contained in the annex to pdf-icon decision 2/CMP.9. In implementing the second review, the CMP requested the AFB to make available in its report to CMP 10, information on the financial status of the AF, with a view to finalizing the second review of the AF at the same session.

The CMP also requested the SBI 40 to consider the second review of the AF, with a view to recommending a draft decision for consideration and adoption at CMP 10. Furthermore, the CMP requested the secretariat to prepare a technical paper based on the terms of reference contained in the annex to pdf-icon decision 2/CMP.9, taking into account the deliberations and conclusions of SBI 40, for consideration by SBI 41. In this context, the CMP also invited the AFB to provide, in its report to CMP 10, its views on the matters included in the terms of reference for the second review of the AF.

Based on the deliberations and conclusions made at SBI 40, the technical paper mentioned above and the views from Parties and the AFB on the second review, CMP 10 requested the AFB to:

  • Consider options for addressing the diversification of revenue streams of the AF;
  • Consider, under its readiness programme for climate finance, a) targeted institutional strengthening strategies to assist developing countries, in particular the least developed countries, to accredit more national or regional implementing entities to the AF and b) ensuring that accredited national implementing entities have increased and facilitated access to the AF, including for small-size projects and programmes;
  • Consider options for developing operational linkages, as appropriate, between the AF and constituted bodies under the Convention, taking into consideration the mandates of the respective bodies;

In this context, COP 20 requested the Standing Committee on Finance, in pdf-icon decision -/CP.20, to consider issues related to possible future institutional linkages and relations between the AF and other institutions under the Convention.

In addition, CMP 10 decided to extend to June 2017 the interim arrangements with the AFB secretariat and the AF trustee, with a view to further consideration by the CMP of options for permanent institutional arrangements for the secretariat and the trustee. Furthermore, the CMP requested the SBI to initiate the third review of the AF at its forty-fourth session in 2016, with a view to the review being undertaken by CMP 13 in 2017.

You can find documents relevant to the second review as below:

Workshops on Accreditation of National Implementation Entities
More information on workshops on the accreditation of National Implementation Entities which took place in 2011 and 2012 can be found here.

Information from the Secretariat of the AFB and the Trustee of the AF

 Information on endorsed concepts, and approved / funded projects of the AF

Website of the Secretariat of the AFB
Operational Policies and Guidelines for Parties to Access Resources from the Adaptation Fund

 Latest Decisions and relevant documents


pdf-icon Decision 1/CMP.10 (Report of the AFB)

pdf-icon Decision 2/CMP.10 (Second review of the AF)

Relevant documents:

pdf-icon Technical paper on the second review of the Adaptation Fund (FCCC/TP/2014/7)

pdf-icon The report of the AFB to CMP 10 (FCCC/KP/CMP/2014/6)

pdf-icon Submissions from Parties on the second review of the Adaptation Fund (FCCC/SBI/2014/Misc.4)

pdf-icon Information on the status of the resources of the Adaptation Fund (FCCC/SBI/2013/INF.2)

pdf-icon Steps and time frames to conduct an open and competitive bidding process for selecting host institutions for entities under the Convention (FCCC/TP/2013/1)

pdf-icon The report of the AFB to CMP 11 (FCCC/KP/CMP/2015/2)


 Information on share of proceeds from CDM