Developing countries have been able to access climate finance directly from the international Adaptation Fund – rather than applying through intermediary, regional institutions – when their national institutions have met the high accreditation standards required to handle the funds. These national bodies are known as National Implementing Entities (NIEs). Jamaica and Senegal were among the first countries to secure accreditation for NIEs.
In this CDKN ‘Inside story on climate compatible development’, Will Bugler of Acclimatise and Benoît Rivard of LTS International assess Jamaica’s and Senegal’s contrasting experiences. They also draw implications for developing countries’ readiness to access monies from the Green Climate Fund. The Green Climate Fund, which is due to become operational next year, is intended to offer far greater volumes of climate finance to developing countries.
Bugler, W.; Rivard, B. Direct access to the Adaptation Fund: Lessons from accrediting NIEs in Jamaica and Senegal. Climate and Development Knowledge Network (CDKN), (2012) 6 pp. [Inside Stories on climate compatible development]