ADAPTATION FINANCE BULLETIN |
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UNFCCC Adaptation Committee |
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The UNFCCC Adaptation Finance Bulletin provides the latest news and updates to Parties and other interested stakeholders on adaptation finance-related information from funds, UNFCCC bodies and negotiations, as well as an overview of relevant upcoming events. |
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News from the Green Climate Fund |
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Photo by the Green Climate Fund |
GCF holds first virtual Board meeting |
The Green Climate Fund (GCF) held its 26th Board meeting—the first one to be held virtually—from 18-21 August. During the meeting, the Board approved 15 projects, corresponding to USD 878.8 million in new funds. Of these 15 projects, three are focused on adaptation (representing USD 96.3 million) and four are cross-cutting (representing USD 232.7 million).
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GCF hosts side event during High-Level Political Forum |
On 9 July, the GCF hosted a virtual high-level side event as part of the High-Level Political Forum on Sustainable Development. The event focused on the options available to developing countries to finance a green, resilient recovery from the COVID-19 pandemic. |
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Photo by the Green Climate Fund |
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News from the Global Environment Facility |
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Photo by the Global Environment Facility |
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58th GEF Council Meeting approves USD 60 million for adaptation action in LDCs
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Meeting remotely from 2-3 June, the GEF Council agreed on USD 700 million for a range of projects and programs that will help developing countries advance urgent environmental action. This includes USD 60 million for the GEF-managed LDCF, which will cover adaptation and resilience-building projects in eight countries. In addition, the GEF Council endorsed the GEF’s USD 645 million proposed work program. During the meeting, the GEF Council also selected a new CEO and Chairperson, Carlos Manuel Rodriguez from Costa Rica, who took over from Naoko Ishii on 1 August 2020. |
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GEF approves funding for new initiative supporting nature-based infrastructure for adaptation |
The GEF approved a USD 2 million grant for a new global initiative with the objective of increasing investment in nature-based infrastructure that can help adapt to the impacts of climate change. Using climate change projections and financial models, the initiative will help make the business case for investing in nature-based solutions to help inform infrastructure spending decisions. This initiative is supported by the GEF-managed Special Climate Change Fund (SCCF).
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News from the Adaptation Fund |
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Photo by UN Environment Programme |
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Adaptation Fund greenlights six new adaptation projects |
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Through a virtual decision-making process in late May, the Adaptation Fund Board gave the greenlight for six new concrete adaptation projects totaling USD 31 million. The approved projects include single-country projects in Pakistan, Tanzania, Tunisia, and Viet Nam, as well as a regional project in Central Asia. |
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FAO accredited as multilateral implementing entity |
Through a remote intersessional decision, the Adaptation Fund Board approved the UN Food and Agriculture (FAO) as its 13th multilateral implementing entity and its 51st overall implementing entity. This was the first time a new implementing entity was accredited using the Fund’s Fast Track Accreditation process, which enables entities already accredited by the GCF to more quickly and efficiently become accredited to the Adaptation Fund.
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Photo by FAO/IFAD/WFP/Petterik Wiggers
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Technical paper on Adaptation finance, including the private sector |
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Toolkit for engaging the private sector in national adaptation plans |
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Accessible, adequate and predictable finance is a precondition for planning and implementing climate change adaptation actions around the world, and is especially important for developing countries. This technical paper explores the various dimensions of adaptation finance that featured in the 2019 technical examination process on adaptation, offering insights into the global adaptation finance landscape, the link between adaptation planning and finance, assessing the impact of adaptation finance and the role of the private sector. The paper also distills the key messages that emerged from the 2019 technical expert meetings on adaptation. |
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Latest from the Adaptation Committee |
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The Adaptation Committee and the National Adaptation Plan Global Network launched a toolkit designed to support country efforts to develop strategies to systematically engage private sector actors in their National Adaptation Plan (NAP) process, as appropriate. Among other things, the toolkit highlights the role of the private sector as a source of finance for adaptation efforts and the importance of private sector actors having access to financing—in the right form and at the right scale—to pay for their own adaptation actions. |
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Updates from the Standing Committee on Finance |
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SCF launches two calls for evidence |
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Policy Brief: Technologies for Averting, Minimizing and Addressing Loss and Damage in Coastal Zones |
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The Executive Committee of the Warsaw International Mechanism for Loss and Damage (Excom) and the Technology Executive Committee (TEC) recently published a policy brief that provides information on an array of technologies – hardware, software, and orgware – currently available to assess risks, reduce risks, recover and rehabilitate from the impacts of climate change in coastal zones. The brief includes information on funding measures and financial strategies as they relate to some of these technologies.
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Enhanced Lima work programme on gender |
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At COP 25, Parties agreed a 5-year enhanced Lima work programme on gender and its gender action plan. The decision invites “relevant public and private entities to increase the gender-responsiveness of climate finance with a view to strengthening the capacity of women,” and includes various finance-related activities under its priority area on gender-responsive implementation and means of implementation. |
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New Adaptation Fund study on gender |
The Adaptation Fund released a study that highlights successes, lessons learned, and potential models for integrating gender considerations in adaptation projects. It focuses on five Adaptation Fund projects in Ecuador, Mongolia, Morocco, Rwanda, and Seychelles. The study demonstrated that integrating gender elements throughout project design, implementation, and monitoring and evaluation has multiple benefits. |
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Photo by GCF/Angeli Mendoza |
GCF projects help women boost resilience |
GCF financed projects around the world are assisting women with adapting to climate change and enhancing their climate resilience. Examples from Morocco, Malawi, Uganda, and more demonstrate how women can be catalysts of far-reaching climate action, and are critical for both communities and economies to thrive. |
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UNFCCC ADAPTATION COMMITTEE | https://unfccc.int/Adaptation-Committee
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