Germany Announces 10 Million Euro Contribution to Adaptation Fund
4 May 2010: The Government of Germany has announced it will contribute 10 million Euros to the Kyoto Protocol's Adaptation Fund to support adaptation measures in developing countries that are particularly affected by climate change.
The announcement was made by Federal Environment Minister Norbert Röttgen at the Petersberg Climate Dialogue, which took place from 2-4 May 2010, in Petersberg, Germany, and brought together ministers responsible for climate protection from 43 countries. The Adaptation Fund is a self-standing fund established under the Kyoto Protocol of the UN Framework Convention on Climate Change, which gets its funding from a two percent share of proceeds of all Certified Emission Reductions issued under the Protocol's Clean Development Mechanism projects and other sources of funding. The Fund is designed to finance concrete climate change adaptation projects and programs based on the needs and priorities of developing countries. [German Government Press Release] [Adaptation Fund]