Grants and Contributions:
Title:
Adaptation Fund 2022-2026
Agreement Number:
7444609 P011264001
Agreement Value:
$10,000,000.00
Agreement Date:
Mar 1, 2023 - Mar 31, 2023
Description:
The Adaptation Fund was established originally under the Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC) in 2001. It launched its operations in 2010 and has, since 2019, been serving the Paris Agreement alongside the Green Climate Fund (GCF) and the Global Environmental Facility (GEF). The Adaptation Fund has is an effective global financial mechanism, focusing on adaptation and capacity building in developing countries.
Since it started operating in 2007, the Adaptation Fund has supported 33 million people, protected over 380,000 ha of natural habitats and trained more than 1 million people in climate resilience. The Fund's investments contribute to reducing exposure to climate-related hazards and threats; strengthening institutional governance, including policies and regulations, as well as awareness and ownership at the local level; and increasing adaptive capacity and ecosystem resilience in response to climate change.
Organization:
Global Affairs Canada
Expected Results:
This initiative contributes to building the resilience of vulnerable communities and ecosystems, strengthening local, national and regional governance, promoting innovation and effective action as well as sharing knowledge and guidance for successful adaptation in developing countries.
Location:
Washington, US
Reference Number:
064-2022-2023-Q4-00016
Agreement Type:
Grant
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Recipient's Legal Name:
IBRD Trust Funds - World Bank
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.