The Conference of the Parties serving as the meeting of the Parties to the Paris Agreement,
Recalling decisions 1/CMP.3, 1/CMP.4, 2/CMP.10, 1/CMP.11, 2/CMP.12, 1/CMP.13, 1/CMP.14 and 3/CMP.15,
1. Notes with appreciation decisions 13/CMA.1, paragraph 1, and 1/CMP.14, paragraph 2, which state that the Adaptation Fund shall serve the Paris Agreement with respect to all matters relating to the Paris Agreement;
2. Takes note of the annual report of the Adaptation Fund Board for 2019 and decision 3/CMP.15, paragraph 1;
3. Notes the annual reports of the Adaptation Fund Board for 2020 and 2021 and the information contained therein;
4. Also notes the following information, actions and decisions relating to the Adaptation Fund Board presented in the reports referred to in paragraph 3 above:
(a) The accreditation of 4 national implementing entities, 2 multilateral implementing entities and 1 regional implementing entity (with the national implementing entities granted direct access to resources from the Adaptation Fund), resulting in a total number of accredited implementing entities of 33 national (of which 9 in the least developed countries and 7 in small island developing States), 14 multilateral and 7 regional implementing entities, of which 31 were reaccredited (16 national implementing entities, 4 regional implementing entities and 11 multilateral implementing entities) for accessing resources from the Adaptation Fund directly;
(b) Cumulative project and programme approvals increasing by around 32 per cent to USD 744.58 million between 1 July 2019 and 30 June 2020 and by 12 per cent to USD 831.49 million between 1 July 2020 and 30 June 2021, despite the challenging circumstances related to the coronavirus disease 2019 pandemic;
(c) Resources available for new funding approvals amounting to USD 167.20 million as at 30 June 2020 and USD 195.69 million as at 30 June 2021;
(d) New funding approvals, including for concrete single-country and regional (multi-country) proposals, grant proposals under the Medium-Term Strategy of the Adaptation Fund for 2018–2022 and readiness grants amounting to USD 180.5 million as at 30 June 2020 and USD 86.9 million as at 30 June 2021;
(e) An active pipeline of project and programme proposals submitted but not approved amounting to around USD 286 million as at 30 June 2020 and USD 279 million as at 30 June 2021, reflecting an upward trend from previous years;
(f) The cumulative receipts of USD 1,107.40 million, as at 30 June 2021, into the Adaptation Fund Trust Fund, comprising USD 208.38 million from the monetization of certified emission reductions, USD 858.82 million from contributions and USD 40.21 million from investment income earned on the Trust Fund balance;
(g) Contributions amounting to USD 200.89 million between 1 July 2019 and 30 June 2021 from the Governments of Germany, Ireland, Norway, Poland, Spain, Sweden and Switzerland, as well as the governments of the Brussels-Capital, Flemish and Walloon Regions of Belgium; new pledges amounting to USD 116 million from the Governments of Germany, Ireland, Italy and Sweden, as well as the governments of the Brussels-Capital and Walloon Regions of Belgium, towards the Adaptation Fund resource mobilization target of USD 120 million per year for the biennium 2020–2021; direct funding of EUR 10 million from the European Commission for a programme under the Adaptation Fund Innovation Facility; and the transfer of aggregated contributions from the United Nations Foundation, comprising various individual donations made between 1 July 2019 and 30 June 2020, prepared by the Adaptation Fund Board secretariat and the trustee;
(h) Outstanding pledges of USD 21.85 million as at 30 June 2020 and outstanding contributions of USD 36.27 million as at 30 June 2021;
(i) The approval of 29 single-country project or programme proposals submitted by implementing entities, totalling USD 174 million, of which 9 proposals submitted by national implementing entities, amounting to USD 14.5 million; 1 single-country proposal submitted by a regional implementing entity, amounting to USD 9.9 million; and 19 singlecountry proposals submitted by multilateral implementing entities, totalling USD 149.6 million;
(j) The recommendation of the Project and Programme Review Committee to approve nine regional (multi-country) projects amounting to USD 93.9 million, for which funding was not readily available for one project from the tentatively set-aside amount, and the resulting decision of the Adaptation Fund Board to place it on a waitlist, to be approved intersessionally subject to the availability of funds;
(k) The ongoing implementation of activities under the Medium-Term Strategy of the Adaptation Fund for 2018–2022, with the second, third, fourth and fifth review cycles for grant funding windows for innovation, learning and project scale-up and the approval by the Adaptation Fund Board of the first four small-grant proposals for innovation, the first grant proposal for project scale-up and two grant proposals for learning, totalling USD 1,348,322; and the launch of two new innovation aggregator programmes, totalling USD 10 million, that offer small grants for innovation to non-accredited entities via two accredited multilateral implementing entities;
(l) The facilitation of the 2nd meeting of the Committee of the Community of Practice for Direct Access Entities, held with the participation of the Green Climate Fund;
(m) New activities under the Medium-Term Strategy of the Adaptation Fund for 2018–2022, including the approval of large grants for innovation and a funding window for enhanced direct access; the endorsement of the principles of locally led adaptation action following engagement with the Global Commission; and the launch of the Adaptation Fund Climate Innovation Accelerator;
(n) The launch of a virtual learning course on unlocking adaptation finance and accessing the Adaptation Fund;
(o) The approval of funding decisions for readiness grants amounting to USD 234,820, consisting of South–South cooperation grants and technical assistance grants for the environmental and social safeguards policy and the gender policy; and a new readiness support package grant window following a successful pilot phase;
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