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Background
The Adaptation Fund (AF) 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.
The Adaptation Fund is financed with a share of proceeds from the clean development mechanism (CDM) project activities and
other sources of funding. The share of proceeds amounts to 2 per cent of certified emission reductions (CERs)
issued for a CDM project activity.
The Adaptation Fund is supervised and managed by the Adaptation Fund
Board (AFB). The AFB is composed of 16 members and 16 alternates
and meets at least twice a year (Membership of the AFB).
In  decision
1/CMP.8, the Parties decided that for the second commitment period, the Adaptation Fund shall be
further augmented through a 2 per cent share of the proceeds levied on the first international
transfers of AAUs and the issuance of ERUs for Article 6 projects immediately upon the conversion to
ERUs of AAUs or RMUs previously held by Parties.
Adaptation Fund membership
For information on the election and membership of the bodies of the Convention and the Kyoto
Protocol please click here.
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