Adaptation Fund Climate Innovation Accelerator - At a glance
The Adaptation Fund has launched a new USD 10 million pilot small grants programme (Adaptation Fund Climate Innovation Accelerator, AFCIA) to foster innovation in adaptation in developing countries at the United Nations Climate Change Conference (COP25) in Madrid. The AFCIA targets a broad range of potential finance recipients, including governments, non-governmental organisations, community groups, young innovators and other groups. The AFCIA will provide small grants to developing countries to support innovation for effective, long-term adaptation to climate change and is part of the Adaptation Fund’s Innovation Facility. Two of the Adaptation Fund’s accredited Multilateral Implementing Entities (MIEs), the United Nations Development Programme (UNDP) and the United Nations Environment Programme (UNEP), receive USD 5 million each to administrate and aggregate a project of small grants (up to USD 250,000 each). The Climate Technology Centre and Network (CTCN), which is the operational arm of the United Nations Framework Convention on Climate Change (UNFCCC) Technology Mechanism, works in conjunction with UNEP as an executing entity in the AFCIA.