UNFCCC Publishes Report of the Adaptation Fund Board

4 November 2010: The UNFCCC Secretariat has released a report of the Adaptation Fund Board (FCCC/KP/CMP/2010/7) for consideration by the sixth session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (COP/MOP 6), scheduled to take place in Cancun, Mexico, from 29 November-10 December 2010.

The report contains a draft decision for approval by the COP/MOP, and information on decisions and actions taken by the Adaptation Fund Board to be noted by the COP/MOP. The report invites the COP/MOP to take note of key actions, including: inception of the accreditation process of implementing entities; approval of the first two funding decisions, including a direct access programme for Senegal; and accrual of proceeds from the monetization of certified emission reductions (CERs) of over $120 million.

The report describes additional progress made by the Adaptation Fund, including: changes in the composition of the Adaptation Fund Board; review of 13 concepts for projects and programmes and three fully-developed project documents; a call for proposals; approval of the code of conduct; consideration of the legal capacity of the Adaptation Fund Board by the Government of Germany; and implementation of a results-based management framework for the Fund. The report estimates the potential funds to be available at the end of 2012 to range from $270 million to $400 million. [The Report]