News

Adaptation Fund Board Publishes Report of 16th Meeting

Adaptation Fund3 February 2012: The Adaptation Fund Board (AFB) has released the approved report of its 16th meeting, which was held from 13-14 December 2011, alongside the seventh meeting of the Project and Programme Review Committee (PPRC), the Ethics and Finance Committee (EFC) and a civil society dialogue. At the meeting, the AFB approved project proposals in Uruguay, Cook Islands, Georgia, Madagascar, Samoa and Tanzania.

At the meeting in Durban, the AFB decided to accredit the Ministry of Natural Resources of Rwanda and the Ministry of Planning and International Cooperation of Jordan, each as National Implementing Entities (NIEs), as well as the UN Educational, Scientific and Cultural Organization (UNESCO) as a Multilateral Implementing Entity (MIE). The AFB also stressed the value of regional accreditation workshops, as was held in Panama on the sidelines of the UNFCCC meeting in 2011.

On project and programme review, the AFB requested the consideration of developing of a more standardized template for project and programme concepts. The AFB decided to fund: a project in Uruguay on building resilience to climate change and variability in vulnerable smallholders for almost $10 million; a project in Cook Islands on strengthening the resilience of our islands and our communities to climate change for over $5 million; a project in Georgia on developing climate-resilient flood and flash flood management practices to protect vulnerable communities for over $5 million; a project in Madagascar for promoting climate resilience in the rice sector through pilot investments in the Alaotra-Mangoro region for over $5 million; a project in Samoa on enhancing resilience of coastal communities for almost $9 million; a project in Tanzania on implementation of concrete adaptation measures to reduce vulnerability of livelihoods and economy of coastal communities; and a project in Cambodia on enhancing climate resilience of rural communities living in protected areas. A project in Papua New Guinea on enhancing the adaptive capacity of communities to climate change-related floods was not endorsed. The AFB endorsed project concepts from Ethiopia, Mauritania and Myanmar.

The AFB discussed the cap of 50% of project implemented by MIEs, and decided to maintain the cap, while requesting members to recommend how best to implement the cap. The AFB also noted the report on performance review of the secretariat and trustee. On Adaptation Fund finances, cumulative receipts from certified emission reductions sales, donations and investment income amounted to US $254.9 million as at that date, funds held in trust amounted to US $229.3 million, and the amount available to support new AFB funding decisions was US $167.4 million. The total potential resources available to the fund to the end-2012 at current (record low) prices could amount to approximately US$250 million. On meetings for 2012, the AFB agreed to meet in Bonn, Germany, from 14-16 March 2012, from 20-22 June 2012, and 12-14 September 2012, and then alongside the 18th session of the Conference of the Parties to the UNFCCC (COP 18).

The Government of Sweden offered to host the 10th meeting of the Accreditation Panel, from 10-11 May 2012. [AFB Publication: 16th Meeting Report]