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Sven Harmeling and Alpha Oumar Kaloga
>> Download Briefing Paper (PDF, English)
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Briefing Paper (PDF, French)
Summary
As its logo of a young tree symbolises, the Adaptation Fund is slowly growing and establishing itself as a "model for the future" in the international climate finance debate. The Adaptation Fund (AF) is a self-standing solidarity-fund established under the Kyoto Protocol in order to finance concrete adaptation projects in those most vulnerable countries which are Parties to the Protocol.
The successes and progress of the last years are indications of the quality of the work within the Adaptation Fund Board, the governance body of the Fund. Therefore the Fund has been attracting increasing attention. The accreditation of the first National Implementing Entity (NIE) "Le Centre de Suivie Écologique du Senegal" which happened during the 9th meeting of the AFB in March 2010, is a historic milestone. It marks the first concrete realisation of the direct access approach in climate financing.
Approval of the first projects during the last 10th meeting marks the beginning of the implementation phase. Success of this phase is dependent on many factors and actors, in particular within developing countries. Important is on the one hand how the AF deals with its guidelines and on the other hand how the implementing entities involve relevant stakeholders, both governmental and non-governmental, within the countries.
However, the Fund is also in a critical phase. It is confronted especially with two challenges. On the one hand it needs to fulfil expectations as "a model for the future". In order to let actions speak it needs to adopt and finance as many projects as possible while ensuring they are of high quality. It needs to increase the number of National Implementing Entities as much as possible while at the same time ensuring that the fiduciary management standards are not weakened. Only then can the AF pave the way for broad acceptance of the direct access approach in the overall climate finance debate.
Furthermore, it is confronted with
the question how it will share its limited financial resources among its
eligible Parties in an equitable manner. By swift financing of good projects
it should send out the right signals: On the one hand towards the wealthy
nations to fulfil their financial promises ie. in form of the fast start
financing and to show the hesitating developing countries, that the fast
delivery of funding to those countries, which show explicitly early and
interest.
The existing briefing paper tries
to supply the delegates from Least Developing Countries (LDC) with a clear
view on the Adaptation Fund by explaining its key features and the processes
how to best access the resources of the Fund.
résumé
Comme l'indique son logo d'un jeune arbre, le FA est lentement entrain de grandir et de s'établir comme un « modèle pour le futur » dans le débat international sur la finance climatique. Le FA est un fonds de solidarité établi sous le KP afin de financer des projets d'adaptation concrets dans les pays les plus vulnérables qui sont Parties au KP. Les succès et progrès des trois dernières années démontrent la qualité du travail fait par le Conseil du Fond pour l'Adaptation (CFA) (l'organe de gouvernance du fond), lequel bénéficie d'une attention grandissante. A cet égard, l'accréditation de la première Entité Nationale de mise en ouvre (ENM) « Le centre de suivi écologique du Sénégal » lors de la 9ème réunion du FA est une étape historique qui marque la première réalisation concrète de l'approche d'accès direct dans le cadre de la finance climat.
La validation des premiers projets
lors de la 10ème réunion marque le début de la phase
d'implémentation. Le succès de cette phase dépendra
de nombreux facteurs et acteurs, en particulier au sein des pays en développement.
Un des facteurs importants est de savoir comment le FA gèrera les
règles qu'il s'est fixé. Un autre facteur sera de déceler
comment ces Entités Nationales de mise en oeuvre (ENM) impliqueront
les parties prenantes importantes au sein des pays, aussi bien gouvernementales
que non gouvernementales.