By Sagarika Chandel, KIIT School Of Law, Bhubaneswar.
The Adaptation Fund is a financial instrument under the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol that has been established with an objective to finance concrete adaptation projects and programmes in developing countries that are party to the Kyoto Protocol. This is an effort to reduce the adverse effects of climate change as faced by different communities, countries and sectors. This fund was proposed in 2001 and made operational in 2009. Activities supported by the fund include: (more…)