The Adaptation Fund was established to finance concrete adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol.  The Fund is to be financed with a share of proceeds from clean development mechanism (CDM) project activities and receive funds from other sources.  (The share of proceeds amounts to 2% of certified emission reductions (CERs) issued for a CDM project activity.)

The CMP 3 decided that the operating entity of the Adaptation Fund shall be the Adaptation Fund Board and invited the GEF to provide secretariat services and the World Bank to serve as the trustee of the Adaptation Fund on an interim basis. These interim institutional arrangements will be reviewed after 3 years.  The Adaptation Fund Board is composed of 16 members and 16 alternates and its meeting will take place at least twice a year in the country hosting the UNFCCC secretariat.  -  Board Members (132 kB)
 More in   Decision 1/CMP.3 

  1/CMP.3 :  Adaptation Fund

 5/CMP.2: Adaptation Fund

28/CMP.1: Initial guidance to an entity entrusted with the operation of the financial mechanism of the Convention, for the operation of the Adaptation Fund

 3/CMP.1:  Modalities and procedures for a clean development mechanism, as defined in Article 12 of the Kyoto Protocol, paragraph 1

 17/CP.7: Modalities and procedures for a clean development mechanism, as defined in Article 12 of the Kyoto Protocol  (see paragraphs 15 and 66 of the annex) 

 10/CP.7: Funding under the Kyoto Protocol

 5/CP.7: Implementation of Article 4, paragraphs 8 and 9, of the Convention (decision 3/CP.3 and Article 2, paragraph 3, and Article 3, paragraph 14, of the Kyoto Protocol)  (see paragraph 8)