The Adaptation Fund finances projects and programmes to help developing countries adapt to
the negative effects of climate change. Established under the Kyoto Protocol of the United
Nations Framework Convention on Climate Change (UNFCCC), the Adaptation Fund distinguishes
itself from other climate change funding mechanisms through its emphasis on enabling
developing countries to directly access climate change adaptation funding.
The Adaptation Fund (AF) is built upon the notion that enabling direct access to adaptation
funding promotes country-ownership and ensures more efficient financial delivery.
Developing countries can directly access Adaptation Fund financing and implement
projects through a national legal entity that attains accreditation as a National
Implementing Entity (NIE). To obtain accreditation, an NIE must meet the AF’s
fiduciary standards, and demonstrate effective technical, financial and organizational
capacity to be eligible to attain accreditation.