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Adaptation Fund

• The Adaptation Fund is an international fund that finances projects and programs aimed at helping developing countries to adapt to the harmful effects of climate change.
• It is set up under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC).
• The AFB is composed of 16 members and 16 alternates representing Annex I countries, Non-Annex I countries, Least Developed Countries (LDCs), Small Island Developing States (SIDSs), and regional constituencies.
• The Adaptation Fund was initiated to be primarily financed by a share of proceeds from clean development mechanism (CDM) project activities and also with funds from other sources.
• The share of proceeds amounts to 2% of certified emission reductions (CER) issued for a CDM project activity.
• Since 2010, the Adaptation Fund has directed $532 million to 80 concrete adaptation projects in the most vulnerable communities of developing countries, serving 5.8 million direct beneficiaries.
• In 2018, the Fund raised $129 million in new pledges, a record-setting year.

Clean Development Mechanism

• It allows emission-reduction projects in developing countries to earn Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO2.
• The CDM is the main source of income for the UNFCCC Adaptation Fund. The Adaptation Fund is financed by a 2% levy on CERs issued by the CDM.

Funding Mechanism for Climate Control Worldwide & in India

• Green Climate Fund
• Clean Technology Fund (CTF)- 2nd largest
• Adaptation fund
• Global Environment Facility (GEF)
• National Clean Energy Fund
• National Adaptation Fund for Climate Change
• NATIONAL SOLAR MISSION
• THE NATIONAL MISSION FOR ENHANCED ENERGY EFFICIENCY
• NATIONAL MISSION ON SUSTAINABLE HABITAT
• NATIONAL WATERMISSION
• The National Mission on Strategic Knowledge for Climate Change

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