Thomson Reuters Foundation, November 20, 2017
Pioneering climate fund for developing world gets a boost at U.N. talks
The Adaptation Fund secured its future under the Paris Agreement and exceeded its 2017 fundraising target in Bonn
From protecting coastal slum dwellers on Pacific islands against floods to helping poor farmers keep up harvests battered by drought in Africa, a global fund to help developing countries adapt to climate change received a vote of confidence at the latest round of U.N. climate talks.
At the end of the two-week meeting in Bonn, which ran over into Saturday morning, governments agreed the Adaptation Fund will become one of the formal tools to meet the goals of the Paris climate accord – a decision needed to ensure the fund’s continuing existence.