adaptation-fund: Adaptation Fund Board to Review 23 Project Submissions at March Meeting
Washington, D.C. (February 24, 2017) — Following a highly productive and successful showing at the COP22 international climate conference in Morocco, the Adaptation Fund will enter its 29th Board meeting in March with rising momentum.
Signaling the continued strong need and demand for climate change adaptation projects from the vulnerable developing countries it serves, the Board will review and consider 23 project submissions at its biannual meeting scheduled for March 16-17 in Bonn, Germany [to be live webcast here].
The 23 submissions received include seven regional proposals involving more than one country, and 16 single-country proposals (14 countries). Submissions include both full project proposals (14) and project concepts (nine). They have been submitted by different implementing entities accredited by the Fund, including 10 from multilateral implementing entities, six from regional implementing entities, and seven from national implementing entities (NIEs) under its groundbreaking Direct Access modality.
The Fund pioneered Direct Access, in which developing countries can access the grant finance it offers and develop concrete, localized adaptation projects directly through national implementing entities (NIEs) while building their own capacity to adapt to climate change. To date, the Fund has accredited 25 NIEs and 43 implementing entities in all with the capability to develop adaptation projects throughout the globe.