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Capitalization

Refers to the types of resources that the fund would collect. International, national, public and private funds can all be relevant for an NCF. SOURCE: A Guidebook for the Design and Establishment of National Funds to Achieve Climate Change Priorities – UNDP

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Additionality

Reduction in emissions by sources or enhancement of removals by sinks that is additional to any that would occur in the absence of a Joint Implementation (JI) or a Clean Development Mechanism (CDM) project activity as defined in the Kyoto Protocol Articles on JI and CDM. SOURCE: A Guidebook for …

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Adaptation Fund

The Adaptation Fund was established by the Parties to the Kyoto Protocol of the UNFCCC to finance concrete adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol. The Fund is financed with 2% of the Certified Emission Reduction issued for projects of the Clean Development …

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