The Adaptation Fund has announced the launch of a new US$ 10 million pilot innovation programme during the UN Climate Change Conference (COP25) in Madrid. The new programme will foster innovation for adaptation in developing countries, while targeting a broad range of potential finance recipients, including non-governmental organizations, community groups, young innovators and the private sector.
Two of the Adaptation Fund’s accredited multilateral implementing entities, the UN Development Programme (UNDP) and the UN Environment Programme (UNEP), will each receive US$5 million to administer and aggregate about 45 small grants (up to US$ 250,000 each). UNEP will also work in conjunction with the Climate Technology Centre and Network (CTCN), which is the operational arm of the UNFCCC Technology Mechanism.