News

Third Meeting of the Adaptation Fund Board Convenes

Adaptation Fund Board Convenes 15 September 2008: The Adaptation Fund Board (AFB) is

holding its third meeting from 15-18 September 2008, at the United Nations

Campus in Bonn, Germany. At its second meeting in June, the Board adopted a

Work Plan for 2008, Legal Arrangements for the Adaptation Fund (AF)

Secretariat, an outline for Operational Policies and Guidelines for Parties to

Access Resources from the AF, and Roles and Responsibilities of Implementing

and Executing Entities.

At its third meeting, the Board is scheduled to

continue discussions on several agenda items remaining from the second meeting

such as the rules of procedure of the AFB, legal issues pertaining to the

operationalization of the AF, role and responsibilities of the AF Trustee and

legal arrangements for the AF Trustee. On monetization of certified emission

reductions (CER), the Board will consider the information provided by the

Committee established at the meeting in June and decide on a strategy for the

short-term monetization of the CERs of the AF.

The Board will also review the

document on Eligibility Requirements for AF CERs and Emission Trading, prepared

by Invited Trustee, and discuss if guidance and clarification should be sought

from the Conference of the Parties serving as the meeting of the Parties to the

Kyoto Protocol (CMP) as to whether monetization of AF CERs are subject to any

eligibility requirements. In addition, the third meeting of the AFB will focus

on Provisional Operational Policies and Guidelines for Parties to Access

Resources from the AF, and Strategic Priorities, Policies and Guidelines.

The

Board will also consider a draft Report of the AFB to the CMP; the Chair's

proposal for establishing committees of the AFB; Status of the AF Resources;

and Revised Budgets for the AFB and Secretariat. [Working documents for

the Third meeting of AFB] [Report

of the Second meeting of the AFB]