LGMA on the Adaptation Fund
At the plenary meeting of the COP and CMP on 7 November 2017, ICLEI—Local Governments for Sustainability in its capacity as the focal point of the Local Governments and Municipal Authorities (LGMA) constituency delivered an intervention focusing on matters relating to the Report of the Adaptation Fund Board. Jisun Hwang, Senior Climate Advocacy at ICLEI World Secretariat delivered the intervention.
The full statement is posted in the UNFCCC website. Below are the excerpts on the main points of the intervention.
The LGMA constituency welcomes decision 1/CMA.1, paragraph 11 which mandates that the Adaptation Fund should serve the Paris Agreement, following and consistent with decisions to be taken at CMA 1.3.
We call upon Parties to recognise the increasing frequency and intensity of climate related hazards and therefore urge Parties to accelerate financing on risk reduction, resilience and adaptation plans that are customized with the priorities of the related local communities and respective local and regional governments. In particular, Mr President, we note the importance of protecting oceans and enhancing coastal resilience.
The LGMA constituency would like to highlight that in addition to the funding provided by a share of the proceeds of the CDM under the Kyoto Protocol and the funding from developed countries, subnational governments also contribute financial resources to the Adaptation Fund.
As was demonstrated by the Adaptation Fund Board’s first phase evaluation completed in 2015, the Adaptation Fund has allowed countries to advance important measures at the national and subnational levels, with links to national policymaking.
In this context, we would like to take this opportunity to commend the Adaptation Fund for being the first climate fund to engage in enhanced direct access, as this has resulted in the promotion of country-owned and country-driven processes, with the strengthening of local institutions in project identification and implementation and in resource mobilization.