Adaptation Fund Calls for Inputs on Innovative Funding Strategies
30 March 2012: In a push to meet its fundraising goal of $100 million from now through 2013, the Adaptation Fund Board is inviting public inputs on innovative ways to mobilize public and private sources of finance for adaptation.
The inputs will help to guide the Adaptation Fund Board's fundraising strategy and campaign. Some of the options the Secretariat is seeking to expand on include: adaptation for debt swaps; risk guarantees; and extreme weather and disaster risk management. The deadline for submission of ideas is 30 April 2012.
The development of the strategy is in part due to the volatility of the current funding for the Adaptation Fund, which is financed with 2% of the shares of proceeds on the Certified Emission Reduction Units (CERs) issued for projects of the Clean Development Mechanism (CDM). The Fund recognizes three broad sources of funding, namely innovative international sources, public sources and private sources. Options from public sources may include engagement with potential donors on the side of international meetings or through workshops. Options under consideration for raising funding from private sources, include mechanisms to collect individual donations and issuance of adaptation certificates that are targeted at corporate donors. [Adaptation Fund Press Release]