As we commemorate the 10th anniversary of the launching of the Fund’s operations, the Fund has established a clear niche within the global climate finance landscape.In funding concrete, localized and scalable projects to the most vulnerable communities while building national capacities to adapt to climate change through its pioneering Direct Access modality, the Fund continues to respond effectively to rising climate change impacts and urgent adaption needs that disproportionately affect developing countries.

As evidenced by its concrete actions in delivering tangible projects to help the most vulnerable communities around the world adapt to growing sea level rise, floods, droughts, and food and water security risks, the Adaptation Fund is already contributing to this integral global effort.Its pioneering Direct Access modality is building national capacities to adapt to climate change from within. The Fund now has 25 national implementing entities (NIEs) under Direct Access with the capability to access Fund resources and design localized projects directly, and another 18 multilateral and regional entities capable of designing projects in any eligible developing country.