Fund Overall Goal
The Adaptation Fund was established to finance concrete adaptation projects and programmes in developing country Parties to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.
AF is focused on projects involving focus areas such as food security, agriculture, water management, and disaster risk reduction.
The Adaptation Fund allows international access through multilateral implementing entities (MIE) and pioneered fully operational direct access to climate financing through national implementing entities (NIE) and regional implementing entities (RIE). Once accredited, NIE and RIE are allowed direct access financing and manage all aspects of climate adaptation and resilience projects.