UN Environment and Partners Advance Developing Countries’ Readiness to Access Climate Finance

Bangkok, 30 August 2016 – Countries at risk from a rise in global temperatures met last week in Mumbai, India for a training workshop that has helped increase their readiness to access finance through the Adaptation Fund set up under the United Nations climate convention to help vulnerable communities adapt to climate change.

The 23-25 August 2016 Access to Adaptation Finance Seminar brought together 21 aspiring and Adaptation Fund accredited National Implementing Entities from Asia-Pacific and East European countries to share best practices and lessons learned on accreditation and project development.

The training, co-hosted by the Fund, United Nations Environment Regional Office for Asia and Pacific, the National Bank for Agriculture and Rural Development of India and Climate Action Network South Asia, aimed to increase the number of accredited entities in the region, providing more Asia-Pacific countries the opportunity to build climate resilience and adaptive capacity through the Fund’s pioneering Direct Access modality. This allows developing countries to access climate finance, strengthen local adaptation capacity and build on national expertise directly through accredited National Implementing Entities.