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Applications Invited for the Adaptation Fund Project and Programme Funding
Organization: Adaptation Fund
Apply By: 24 Dec 2024
About the Organization
The Adaptation Fund finances projects and programmes that help vulnerable communities in developing countries adapt to climate change. Initiatives are based on country needs, views and priorities.
Since 2010, the Adaptation Fund has committed about 1.25 billion for climate change adaptation and resilience projects and programmes, including 183 concrete, localized projects in the most vulnerable communities of developing countries around the world with about 45.8 million total beneficiaries. It also pioneered Direct Access and Enhanced Direct Access, empowering countries to access funding and develop local projects directly through accredited national implementing entities.
About the Grant
Climate change is predicted to greatly affect the poorest people in the world, who are often hardest hit by weather catastrophes, desertification, and rising sea levels, but who have contributed the least to the problem of global warming. In some parts of the world, climate change has already contributed to worsening food security, reduced the predictable availability of fresh water, and exacerbated the spread of disease and other threats to human health.
Helping the most vulnerable countries and communities is an increasing challenge and imperative for the international community, especially because climate adaptation requires significant resources beyond what is already needed to achieve international development objectives.
The Fund is financed largely by government and private donors, and also from a two percent share of proceeds of Certified Emission Reductions (CERs) issued under the Protocol’s Clean Development Mechanism projects.
The Adaptation Fund was established to finance concrete adaptation projects and programmes in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. Since 2010, the Adaptation Fund has committed more than US$ 1.2 billion for climate change adaptation and resilience projects and programmes, including more than 176 concrete, localized projects in the most vulnerable communities of developing countries around the world with 45 million total beneficiaries. It also pioneered Direct Access, empowering countries to access funding and develop projects directly through accredited national implementing entities.
How to Apply
To apply for project and programme funding, countries must submit proposals through an accredited institution. There are three categories of accredited institutions:
- National Implementing Entities (NIEs)
- Regional Implementing Entities (RIEs)
- Multilateral Implementing Entities (MIEs)
Only institutions accredited by the Adaptation Fund may receive funding for adaptation projects. After accreditation, the entity may submit project proposals aligned with national priorities for consideration by the Adaptation Fund Board.
National implementing entities fall under the Adaptation Fund’s Direct Access modality, which enables entities to directly access financing and manage all aspects of climate adaptation and resilience projects, from design through implementation, to monitoring and evaluation. Direct Access allows developing countries to strengthen capacity to adapt to climate change and build on local expertise.
After the Adaptation Fund Board decides to accredit an entity considering the recommendation by the Accreditation Panel, the entity can submit a concept or a full project proposal. Parties seeking financial resources from the Adaptation Fund must submit their project and programme proposals through accredited National, Regional, or Multilateral Implementing Entities. Proposals will be reviewed with respect to specific criteria available in the Operational Policies and Guidelines.
The Adaptation Fund Board has also made available several small grants under the Readiness Programme to help National Implementing Entities (NIEs) provide peer support to countries seeking accreditation with the Fund and to build capacity for undertaking various climate finance readiness activities.
The Adaptation Fund Board has also made available three new funding windows for accredited National Implementing Entities (NIEs) to access small grants for innovation, learning and project scale-up. The submissions of innovation, learning and project scale up grant proposals follow the regular review cycle of the Adaptation Fund project and programme review.
For more information please check the Link
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