The Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol,
Recalling decisions 1/CMP.3, 1/CMP.4, 2/CMP.10, 1/CMP.11, 2/CMP.12, 1/CMP.13, 1/CMP.14, 3/CMP.15 and 3/CMP.16, Also recalling decision 13/CMA.1,
1. Takes note of the annual report of the Adaptation Fund Board for 2022, including its addendum, and the information therein;
2. Notes the following information, actions and decisions relating to the Adaptation Fund Board presented in the report referred to in paragraph 1 above:
(a) The accreditation of 1 national implementing entity and 2 regional implementing entities (with the national implementing entities granted direct access to resources from the Adaptation Fund), resulting in a total number of accredited implementing entities of 34 national (of which 10 in the least developed countries and 7 in small island developing States), 14 multilateral and 9 regional implementing entities, of which 33 were reaccredited (17 national implementing entities, 5 regional implementing entities and 11 multilateral implementing entities) for accessing resources from the Adaptation Fund directly;
(b) Cumulative receipts of USD 1,235.06 million, as at 30 June 2022, into the Adaptation Fund Trust Fund, comprising USD 211.80 million from the monetization of certified emission reductions, USD 982.00 million from contributions and USD 41.26 million from investment income earned on the Trust Fund balance;
(c) Contributions of USD 127.65 million, of which USD 3.42 million from the monetization of certified emission reductions, USD 123.18 million from additional contributions and USD 1.05 million from investment income, received between 1 July 2021 and 30 June 2022;
(d) Contributions amounting to USD 123.18 million received between 1 July 2021 and 30 June 2022 and new pledges amounting to USD 349.00 million, of which USD 174.40 million received as at 8 November 2022, towards the Adaptation Fund resource mobilization target of USD 120.00 million per year for the biennium 2020–2021;
(e) Outstanding pledged contributions of USD 174.60 million as at 8 November 2022;
(f) Resources available for new funding approvals amounting to USD 219.25 million as at 30 June 2022;
(g) 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 2018–20222 and readiness grants, amounting to USD 94.10 million as at 30 June 2022;
(h) An active pipeline of project and programme proposals amounting to USD 333.70 million as at 30 June 2022, reflecting an upward trend from previous years;
(i) Cumulative project and programme approvals increasing by around 11 per cent to USD 929.72 million between 1 July 2021 and 30 June 2022;
(j) The approval of eight single-country project or programme proposals submitted by implementing entities, totalling USD 53.00 million, of which two proposals submitted by national implementing entities, amounting to USD 1.80 million; one singlecountry proposal submitted by a regional implementing entity, amounting to USD 10.00 million; and five single-country proposals submitted by multilateral implementing entities, totalling USD 41.30 million;
(k) The approval of three multi-country projects, amounting to USD 39.90 million;
(l) Cumulative disbursements to the 132 projects approved since the operationalization of the Adaptation Fund amounting to USD 567.84 million, including USD 76.40 million disbursed between 1 July 2021 and 30 June 2022;
(m) The implementation of 80 projects, of which 5 initiated and 10 completed, between 1 July 2021 and 30 June 2022;
(n) The approval of two small-grant proposals for innovation amounting to USD 0.50 million and one learning grant amounting to USD 0.15 million as well as the commencement of the second year of implementation of the Adaptation Fund Climate Innovation Accelerator;
(o) Access for developing countries to the Adaptation Fund Climate Innovation Accelerator through the United Nations Development Programme, in addition to through the United Nations Environment Programme and the Climate Technology Centre and Network for countries without national implementing entities;
(p) New activities under the Medium-Term Strategy of the Adaptation Fund for 2018–2022, including the approval of large grants for innovation, a funding window for enhanced direct access and guidance for implementing entities;
(q) The launch of a virtual learning course on accessing project scale-up grants, the publication of knowledge products on key emerging themes in relation to climate adaptation, including transboundary approaches and youth engagement, and the streamlining of the Adaptation Fund accreditation process;
(r) The organization of readiness events, held virtually, for accredited national implementing entities, including seminars, workshops and learning events on accessing Adaptation Fund grants, innovation, global accreditation and enhanced direct access, and a country exchange for South–South learning;
(s) The approval of the 2022–2025 resource mobilization strategy3 and the resource mobilization action plan of the Adaptation Fund;4
(t) The approval of options for enhancing civil society participation and engagement in Adaptation Fund work;
(u) The approval of the Adaptation Fund evaluation policy, 5 which replaces the current evaluation framework;
(v) The application of the updated Adaptation Fund gender policy and action plan and the consideration of ways to advance gender equality and the empowerment of women and girls in relation to addressing climate change;
(w) The approval by the Adaptation Fund Board of the amendments to the strategic priorities, policies and guidelines, and operational policies and guidelines of the Adaptation Fund;
(x) The promotion of linkages of the Adaptation Fund with other UNFCCC bodies, such as the Adaptation Committee, the Climate Technology Centre and Network, the Global Environment Facility, the Green Climate Fund, the Paris Committee on Capacitybuilding and the Standing Committee on Finance, with the Adaptation Fund Board having progressed in establishing linkages between the Adaptation Fund and the Green Climate Fund, including through a framework for promoting the scale-up of funded projects and the Community of Practice for Direct Access Entities;
(y) The adoption of the Medium-Term Strategy of the Adaptation Fund for 2023–2027;
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