A three-day consultation workshop is underway in Paro to prepare concept notes for application for Adaptation Fund in September this year. The workshop will identify appropriate thematic areas on climate adaptation with equal focus on environmental conservation and livelihood enhancement, and prepare at least three preliminary project proposals aligning to the requirement of AF.
The BTFEC is National Implementing Entity (NIE) for Adaptation Fund, in Bhutan, since December 2017. As an accredited entity, BTFEC can have access to one time country allocation to Adaptation Fund to the tune of US$ 10 million for adaptation to Climate Change.
The Adaptation Fund finances adaptation and resilience activities in developing countries, which are vulnerable to the adverse effects of climate change and are Parties to the Kyoto Protocol. All funding applicants must submit project proposals through a NIE, a Regional Implementing Entity (RIE), or a Multilateral Implementing Entity (MIE). Proposals also require endorsement by the Designated Authorities (DA) of the country in which the proposed activities would take place. The Fund is financed in part by government and private donors, and also from a two percent share of proceeds of Certified Emission Reductions (CERs) issued under the Protocol’s Clean Development Mechanism projects.