The Adaptation Fund was established to finance concrete adaptation projects and programs in developing countries that are parties to the Kyoto Protocol and are particularly vulnerable to the adverse effects of climate change. The Adaptation Fund is supervised and managed by the Adaptation Fund Board (AFB). The Board is composed of 16 members and 16 alternates and holds periodic meetings throughout the year.
Financing for the Adaptation Fund comes mainly from sales of certified emission reductions. The share of proceeds amounts to 2 per cent of the value of CERs issued each year for CDM projects.The fund also receives contributions from governments, the private sector, and individuals.
For more information, please visit: www.adaptation-fund.org
Adaptation Fund in Costa Rica
Countries seeking financial resources from the Adaptation Fund must submit their project and programme proposals directly through accredited National, Regional, or Multilateral Implementing Entities. Fundecooperacion para el Desarrollo Sostenible is the accredited National Implementing Entity in Costa Rica since 2012.
A total of 40 proposals have been selected to be funded by the Adaptation Fund. To see the list of selected proposals, please click here.