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Adaptation Fund: Helping Countries Adapt to Climate Change through a Range of Flexible Finance Modalities Washington, D.C., 1 December 2016 Outline of Pr e se ntation Ba c kg ro und o f the Ada pta tio n F und a nd c urre nt sta tus o

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SLIDE 1

Adaptation Fund: Helping Countries Adapt to Climate Change through a Range of Flexible Finance Modalities

Washington, D.C., 1 December 2016

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SLIDE 2

Outline of Pr e se ntation

  • Ba c kg ro und o f the Ada pta tio n F

und a nd c urre nt sta tus o f o pe ra tio ns

  • Re c e nt de ve lo pme nts in the F

und to furthe r e nha nc e its e ffe c tive ne ss

  • Ada pta tio n F

und in the la rg e r a da pta tio n fina nc e la ndsc a pe

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SLIDE 3

Outline of Pr e se ntation

  • Ba c kg round of the Ada pta tion F

und a nd c urre nt sta tus of ope ra tions

  • Re c e nt de ve lo pme nts in the F

und to furthe r e nha nc e its e ffe c tive ne ss

  • Ada pta tio n F

und in the la rg e r a da pta tio n fina nc e la ndsc a pe

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SLIDE 4

Adaptation F und inc r e ase s r e silie nc e thr

  • ugh c onc r

e te adaptation pr

  • je c ts
  • Innova tive F

e a ture s:

Go ve rne d b y ma jority of de ve loping c ountrie s L

e vy on Cle a n De ve lo pme nt Me c ha nism proc e e ds &

  • the r so urc e s o f funding

Dire c t a c c e ss a lo ng side c o nve ntio na l a c c e ss

thro ug h inte rna tio na l o rg a niza tio ns

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SLIDE 5

T he Adaptation F und is house d within the GE F

  • T

he Boa rd: c o nsists o f re pre se nta tive s o f g o ve rnme nts

  • Ha s le g a l c a pa c ity in Ge rma ny
  • Me e ts in Bo nn o r b a c k-to -b a c k with UNF

CCC COP

  • Se c re ta ria t: GE

F

  • n a n inte rim b a sis
  • T

e a m o f c a . 10 de dic a te d full-time pe rso ns

  • Cro ss-suppo rt fro m va rio us a re a s o f the GE

F

  • T

ruste e : the Wo rld Ba nk o n a n inte rim b a sis

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SLIDE 6

E xpe r ie nc e on funding Climate Adaptation

T he Adaptation F und c ur r e ntly funds 55 c onc r e te , loc alize d adaptation and r e silie nc e pr

  • je c ts in 48 vulne r

able c ountr ie s with 3.7 million dir e c t be ne fic iar ie s. Its pr

  • je c ts ar

e e ffe c tive , fle xible a nd sc ala ble , and c an be r e plic ate d in

  • the r

c ommunitie s. Sinc e inc e ption, the F und has mobilize d ove r half a billion dollar s in r e sour c e s. US$ 197 million c ame fr

  • m CE

R pr

  • c e e ds and US$ 345

million fr

  • m de ve lope d c ountr

ie s’ c ontr ibutions. T he r e sour c e s alloc ate d so far amount to US$ 357.5 million in 63 c ountr ie s, of whic h 23 ar e L DCs and 14 SIDS.

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SLIDE 7

Sinc e 2010 the F und ha s a pprove d US$ 357.5 million for 63 c ountrie s

55 c onc r e te pr

  • je c ts
  • 35 imple me nte d

b y MI E s

  • 2 imple me nte d

b y RI E s

  • 18 imple me nte d

b y NI E s F unds available for ne w pr

  • je c ts:
  • F
  • r MI

E s: US$ 35.3 M

  • F
  • r NI

E s/ RI E s: US$ 84.6 M

  • Re g io na l pilo t:

US$ 29.6 M

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SLIDE 8

T he F und’s main r e ve nue sour c e is CE R sale s but the c ollapse of c ar bon mar ke ts me ans ne w r e sour c e s ar e ne e de d

CE R pr ic e s have c ollapse d Contr ibutions now the main sour c e of funds

Contr ibutions US$ 344.8 M CE R inc ome US$ 196.6 M

Inve stme nt inc ome US$ 5.6 M

F undr aising pr

  • gr

e ss / tar ge ts:

2012-13: US$ 103.4 M / US$ 100 M 2014: US$ 64.4 M / US$ 80 M 2015: US$ 75.8 M / US$ 80 M 2016: US$ 81.0 M / US$ 80 M

Ac tive pipe line of pr

  • je c ts:

US$ 233.5 M (a s o n 10 No ve mb e r 2016)

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SLIDE 9

Dir e c t Ac c e ss is a gr

  • undbr

e aking modality that give s national e ntitie s full c ontr

  • l ove r

imple me ntation

  • Allo ws de ve lo ping

c o untrie s to a c c e ss

a da pta tion fina nc e dire c tly

witho ut inte rme dia rie s.

  • Puts into pra c tic e princ iple s
  • f Pa ris De c la ra tio n o n Aid

E ffe c tive ne ss :

  • Owne rship
  • Ha rmoniza tion
  • Alig nme nt
  • Mutua l a c c ounta bility
  • Re sults
  • Pre pa re s c o untrie s fo r

a c c e ssing o the r funds dire c tly (inc luding Gre e n Clima te F und). Upda te d po lic ie s: E nviro nme nta l a nd So c ia l Po lic y (2013) Ge nde r Po lic y (2016)

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SLIDE 10

T he numbe r of dire c t a c c e ss e ntitie s is inc re a sing

43 Imple me nting E ntitie s

  • 25 NI

E s

  • 6 RI

E s

  • 12 MI

E s

Dire c t Ac c e ss, whe re b y a

c o untry c a n a c c e ss funds dire c tly fro m the AF a nd

  • the r funds a do pting simila r

mo da lity to ma na g e a da pta tio n/ mitig a tio n pro je c ts, re q uire s a n a c c re dite d Na tio na l I mple me nting E ntity me e ting the funds’ fiduc ia ry sta nda rds, e nviro nme nta l a nd so c ia l sa fe g ua rds a nd g e nde r po lic y

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SLIDE 11

Outline of Pr e se ntation

  • Ba c kg ro und o f the Ada pta tio n F

und a nd c urre nt sta tus o f o pe ra tio ns

  • Re c e nt de ve lopme nts in the F

und to furthe r e nha nc e its e ffe c tive ne ss

  • Ada pta tio n F

und in the la rg e r a da pta tio n fina nc e la ndsc a pe

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SLIDE 12

Stre a mline d a c c re dita tion proc e ss (sma lle r e ntitie s)

 Appro ve d in April 2015  I

n so me c o untrie s, ma y b e diffic ult to find suita b le NI E c a ndida te s tha t a re a b le to a c c e ss up to USD 10 millio n

 Stre a mline d pro c e ss:

 Sa me a c c re dita tio n

sta nda rds

 F

le xib ility in me a ns o f ve rific a tio n

 Re duc e d time , e ffo rt  Co nditio na lity tha t c a n b e

re vo ke d

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SLIDE 13

L e sson: Support for dire c t a c c e ss re a dine ss is ne e de d

  • Re a dine ss Prog ra mme la unc he d in Ma y 2014

Convening actors working on direct access (accreditation, project development, capacity building) Designing improved materials on AF processes Developing a knowledge exchange platform: climatefinanceready.org Small grants:

  • South-south cooperation
  • Environmental and Social

technical assistance

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SLIDE 14
  • Up to 4 re g io na l

pro je c ts/ pro g ra mme s

  • T
  • ta l va lue USD 30 millio n
  • Ope n to RI

E s a nd MI E s, pa rtne ring with NI E s a nd

  • the r na tio na l a g e nc ie s
  • T

he me s: F

  • o d se c urity,

DRR & E WS, T ra nsb o unda ry wa te r ma na g e me nt, I nno va tio n in a da pta tio n fina nc e

  • Hug e inte re st a fte r first

c a ll in Ma y 2015: pro po sa ls to ta ling c a . US$ 100 millio n

  • 11 pre -/ c o nc e pts

e ndo rse d

  • Oc tobe r

2016: c all e xte nde d be yond pilot

Pilot Prog ra mme for Re g iona l Ac tivitie s

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SLIDE 15

Outline of Pr e se ntation

  • Ba c kg ro und o f the Ada pta tio n F

und a nd c urre nt sta tus o f o pe ra tio ns

  • Re c e nt de ve lo pme nts in the F

und to furthe r e nha nc e its e ffe c tive ne ss

  • Ada pta tion F

und in the la rg e r a da pta tion fina nc e la ndsc a pe

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SLIDE 16
  • Re le vanc e: AF

de sig n is c o he re nt with a nd c o mple me nta ry to o the r a da pta tio n e ffo rts unde r UNF CCC

  • E

ffe c tive ne ss: AF

ma in pro c e sse s a re g e ne ra lly e ffe c tive a nd de mo nstra te ste a dy impro ve me nt, with the e xc e ptio n o f re so urc e mo b iliza tio n a nd kno wle dg e ma na g e me nt

  • E

ffic ie nc y: AF

a nd its institutio na l a rra ng e me nts pro vide g o o d va lue fo r mo ne y

  • Sustainability: sig nific a nt,

struc tura l thre a t to the susta ina b ility, a de q ua c y, a nd pre dic ta b ility o f re so urc e s fo r the AF

E va lua tion: Pha se I (2014- 2015)

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SLIDE 17

Adaptation F und and the Gr e e n Climate F und

  • CMP10 (L

ima 2014) re q ue ste d the AF Bo a rd to c o nside r o ptio ns fo r de ve lo ping

  • pe ra tio na l linka g e s b e twe e n the AF

a nd b o die s unde r the Co nve ntio n (suc h a s the GCF )

  • I

n 2015 the Bo a rd c o nside re d ma tte rs re la te d to c o mple me nta rity, inc luding e sta b lishing a n o pe ra tio na l linka g e b e twe e n the AF a nd the GCF fo r c ha nne lling re so urc e s fo r a da pta tio n a nd ide ntifie d two o ptio ns:

  • (a ) se e king a c c re dita tio n a s fina nc ia l inte rme dia ry with the GCF

; o r

  • (b ) e nte ring into a n MOU o r a d ho c a g re e me nt with the GCF

.

  • T

he AF Bo a rd re q ue ste d the se c re ta ria t to disc uss with the GCF se c re ta ria t c o nc re te a c tivitie s to initia te c o lla b o ra tio n, suc h a s:

  • re a dine ss suppo rt, inc luding b y jo int a c tivitie s;
  • re sults b a se d ma na g e me nt; a c c re dita tio n; a nd pro je c t/ pro g ra mme ide ntific a tio n.
  • T

he AF Bo a rd re q ue ste d its Cha ir a nd Vic e -Cha ir to c a rry o ut c o nsulta tio ns with the Co - Cha irs o f the GCF Bo a rd

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SLIDE 18

Adaptation F und and the Par is Agr e e me nt

  • De c ision 1/ CP.21 a do pting the Pa ris Ag re e me nt: the Ada pta tio n F

und may se rve the Ag re e me nt, sub je c t to re le va nt de c isio ns b y the CMP (K yo to Pro to c o l pa rtie s’ me e ting ) a nd the CMA (Pa ris Ag re e me nt pa rtie s’ me e ting )

  • > ro a dma p until 2019
  • De c ision X/ CMA.1 o n Ma tte rs re la ting to the imple me nta tio n o f the Pa ris

Ag re e me nt: the Ada pta tio n F und sho uld se rve the Paris Ag re e me nt, fo llo wing a nd c o nsiste nt with de c isio ns to b e ta ke n a t the 3rd pa rt o f the 1st se ssio n o f the CMA, to b e c o nve ne d in c o njunc tio n with the 24th se ssio n o f the COP (2018)

  • De c ision X/ CP.22 o n Pre pa ra tio ns fo r the e ntry into fo rc e o f the Pa ris

Ag re e me nt: Re q ue sts the Ad Ho c Wo rking Gro up o n the Pa ris Ag re e me nt in its c o nside ra tio n o f the ne c e ssa ry pre pa ra to ry wo rk o n the Ada pta tio n F und to addre ss the g o ve rnanc e and institutio nal arrang e me nts, safe g uards and

  • pe rating mo dalitie s fo r the Ada pta tio n F

und to se rve the Pa ris Ag re e me nt

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SLIDE 19

www.adaptation-fund.org/

@adaptationfund