Availability of Funds

The GEF manages three adaptation funds initially totalling US$ 200 million. These are:

• Strategic Priority on Adaptation (SPA): US$ 50 million approx.

• Least Developed Countries Fund (LDCF): US$ 90 million approx.

• Special Climate Change Fund (SCCF): US$ 60 million approx.

A fourth fund, the Adaptation Fund will be finalised through an adaptation levy of approximately 2% from the Clean Development Mechanism.

Please note that the amounts in the above funds are indicative only. The GEF Trust Fund (SPA) is replenished every four years, while the three 'new' funds may be replenished on an ongoing basis. The LDCF and SPA have been operational since 2001 and 2004, respectively, and the SCCF since October 2005.

The figure below shows projected adaptation funding over 2007-2010, however projections are highly uncertain. Replenishment of the funds depends on ongoing negotiations with donors.