Adaptation Fund

Adaptation Fund is a financial mechanism established under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC). Its primary purpose is to finance projects and programs that help developing countries adapt to the adverse effects of climate change. By focusing on vulnerable communities, the Adaptation Fund aims to reduce the risks associated with climate variability and enhance resilience.

The fund supports a wide range of activities, including improving agricultural practices, protecting coastlines, managing water resources, and enhancing disaster risk management. These initiatives are crucial for ensuring that developing nations, which often bear the brunt of climate change impacts, have the resources and capacity to protect their ecosystems, economies, and livelihoods.

Governance of the Adaptation Fund is overseen by the Adaptation Fund Board, which ensures the transparent and effective allocation of funds. By prioritizing projects with sustainable outcomes and significant social and environmental benefits, the Adaptation Fund plays a vital role in the global effort to combat climate change and promote sustainable development.