AF Side Event: New strategic directions for enhancing adaptation finance ambition and impact

Adaptation Fund at Bonn Climate Change Conference 2022

The Adaptation Fund will have an active presence at the Bonn Climate Change Conference, which includes the 56th session of the subsidiary bodies that will take place from 6 to 16 June 2022, at the World Convention Center in Bonn, Germany. The conference consists of the 56th sessions of the UNFCCC Subsidiary Body for Implementation (SBI) and Subsidiary Body for Scientific and Technological Advice (SBSTA).

This meeting aims at preparing for COP 27, which is scheduled to take place in November 2022 in Egypt.

At the Bonn Climate Change Conference, the Adaptation Fund will host a side event on adaptation finance, which will discuss current trends based on recent international climate finance gap reports and calls for more ambition in global adaptation funding. Development of the Fund’s next Medium-Term Strategy for 2023-2027 will also be discussed. (Event details below)

Members of Adaptation Fund Board and Secretariat will also attend bilateral meetings and other side events to engage with stakeholders from around the world.

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Adaptation Fund Side Event

New strategic directions for enhancing adaptation finance ambition and impact

Watch time lapse video here.

11 June 2022, 11:30 – 13:00 (CEST), Room Bonn

The Adaptation Fund serves the Paris Agreement by accelerating and enhancing the quality of adaptation action in developing countries. The Fund does so by supporting country-driven projects and programmes, innovation, and global learning and scaling up for effective adaptation. All of the Fund’s activities are designed to be gender-responsive, to build capacity and to reach and benefit the most vulnerable communities.

The Adaptation Fund is currently developing by October 2022 its second Medium-term Strategy (MTS) for the period 2023 to 2027. The Fund is doing so by building on the strategic framework and achievements of the first MTS (2018 – 2022) and further enhancing it with a view to consolidating the Fund’s comparative advantage and optimizing its impact.

This side event presents recent updates and trends in adaptation finance and showcases new strategic directions for enhancing the ambition and impact of adaptation finance, including the Adaptation Fund’s new Medium-term Strategy for the period 2023 – 2027.

The event will include high-level speakers to discuss the importance of adaptation finance at COP27 and trends from recent international climate finance gap reports and representatives from the Fund’s projects on the ground that are fostering Enhanced Direct Access and Locally-Led Action, as well as gender, youth and CSO voices.

Find event programme here.

Other Events

Glasgow Dialogue to discuss the arrangements for the funding of activities to avert, minimize and address loss and damage associated with the adverse impacts of climate change

Watch live webcast.

7 June 2022, 17:45 – 18:50 (CEST), Chamber Hall

The 1^st Glasgow Dialogue will focus on implementation of approaches for averting, minimizing, and addressing loss and damage associated with climate change impacts, and how these are or can be funded under and outside the UNFCCC process.

Mahamat Assouyouti, AF’s Senior Climate Change Specialist will present adaptation finance landscape and AF’s funding opportunities that are relevant to address loss and damage.