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United Nations Adaptation Fund

Volume 498: debated on Monday 2 November 2009

To ask the Secretary of State for Energy and Climate Change what funding the Government provided to the United Nations Adaptation Fund in (a) 2008 and (b) 2009; what funding is planned for 2010; and if he will make a statement. (294337)

The Adaptation Fund was established under the Kyoto Protocol of the UNFCCC and launched at COP-7 in Marrakech, in 2001. Its aim was to finance concrete adaptation projects and programmes in vulnerable developing countries. The Board of the Adaptation Fund was then established in 2008. The Fund is expected to become operational before the climate change conference in Copenhagen at the end of this year. The Adaptation Fund has a unique mechanism for financing, which is not dependent on contributions from specific countries. Instead, it is financed by a market-based source of funding—a 2 per cent. levy on the proceeds of the Clean Development Mechanism (CDM), which was also established under the Kyoto Protocol. Nevertheless, the UK has been supporting the design and implementation of the Adaptation Fund both as a board member and through provision of £0.5 million start-up funding.