The Fund was established in 2001 “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.”
In terms of much needed action on global warming adaptation, the final COP28 deal, agreed upon on December 13 after two weeks of intense negotiations, requires countries to deliver a national adaptation plan by 2030 – 51 countries have already done so. As for the Adaptation Fund, a few developed countries have pledged a total of 160 million, half of what is needed to move forward on the Global Goal on Adaptation (GGA). The Fund was established in 2001 “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.” Contributions to the Fund announced in Dubai by some European countries, including the UK, Italy, and France, are notably low.