Adaptation!? But We Need Money!!

This is an incomplete post salvaged from the internet archive.

-by John

The past few days I have followed the discussions of the Subsidiary Body on Implementation (SBI). Their discussions have been concerned with several issues, capacity building under the protocol, an amendment relating to compliance, the international transaction log (ITL), and several others. Perhaps the most contentious currently is the Adaptation Fund, what today’s ECO publication called a “vital instrument that can significantly assist developing countries reduce their vulnerabilities.”

The Adaptation Fund is a mechanism under the Kyoto Protocol that will receive resources generated by a 2% levy on CDM projects. Currently, the fund does not exist, and developing countries are mainly only receiving funding from volunteer donations to the Least Developed Countries Fund (LDCF), which is aimed primarily at mitigation projects. The adaptation fund is a must-have and a must-have-soon, and parties are only now starting to move the dialogue forward.

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