Adaptation Fund Project Pipeline Grows with Large Number of New Proposals Received
Demand and Urgency for Climate Change Adaptation Continues to Be High from Vulnerable Communities in Developing Countries
Washington, D.C. (January 21, 2016) — Following a record number of project ideas submitted last period, the Adaptation Fund received its second highest amount of proposals ever in the Fund’s newest review cycle.
The Fund has received 23 new project proposals from seven National Implementing Entities (NIEs), seven Multilateral Implementing Entities (MIEs) and two Regional Implementing Entities (RIEs) for review at the 27th Adaptation Fund Board meeting March 17-18, 2016 in Bonn, Germany.
“This shows a steady, significant rate of project proposals received and continued high demand for adaptation in the vulnerable developing countries we serve,” advised Marcia Levaggi, Manager of the Adaptation Fund.
NIE project proposals range from watershed restoration in Antigua and Barbuda, strengthening resilience of coastal communities in Belize, reducing community vulnerability to climate change in Micronesia, both an innovative desalination effort through renewable energy and membrane technology and a community-based integrated farming project in Namibia, integrated water management in Panama, adaptation to climate change impacts on Peru’s coastal marine ecosystem and fisheries, and reducing coastal vulnerability in Senegal. Among the RIE proposals are a West Africa project promoting climate smart agriculture, while MIE submissions include financial risk management for climate resilience in Bolivia.
Furthermore, with project submissions from Micronesia Conservation Trust, Protected Areas Conservation Trust (Belize), Fundación Natura (Panama) and the Environment Division of Antigua and Barbuda, the Fund has now received at least one proposal from all 20 of its accredited NIEs. “Both the number of our NIE projects and accredited NIEs have been growing rapidly,” Levaggi added. “The Fund has pioneered Direct Access as an innovative way to give developing countries the opportunity to access climate finance and develop projects directly while building country ownership and capacity to adapt to climate change.”
The Fund also received two proposals from the recently accredited MIE, UN-Habitat, one to build urban climate resilience in Southeast Africa and another to enhance climate and disaster resilience of the most vulnerable rural and emerging urban human settlements in Lao PDR.
Since 2010, the Adaptation Fund has committed US$331 million to support 51 concrete climate adaptation and resilience projects in 45 countries, with the majority in the implementation stage.
Communications Contact: Matthew Pueschel, email@example.com or +1 202 473 6743
|Press Release Jan 21, 2016||107 KB|