User:1122apple/The Adaptation Fund

An article written by Manuamorn states that "Recent literature suggests that direct national access to multilateral climate funds could promote climate change adaptation investment that focuses more on the needs of vulnerable local communities when compared to indirect access through multilateral agencies." Having direct access to the Adaptation Fund can lead other nations to promote climate change focus. "A key concept is 'direct access' to the Fund, intended as an alternative to the perceived short comings of the existing funding structures and procedures of other funds and mechanisms" With the open access to the fund smaller populations can have more direct access to the fund and therefore increase the usage of the Adaptation Fund. An example of a nation using the Adaptation fund is India. India uses and promotes the adaptation fund when there is extreme weather. They use the fund in the agricultural section. "Dependence on monsoon rains makes farming operations in India vulnerable to climate change, particularly since nearly half of the country's cereals and 80% of its legumes and minor millets are grown in regions where irrigation is unavailable, 'Annual and perennial crops are being adversely affected due to increasing monsoon variability and increasingly frequent extreme weather events like hail storms'" The crops that India grows are vital around the world and in their cultures. They grow staple crops such as rice and wheat. Climate change is something India is actively fighting and having the adaptation fund is crucial for India to grow its crops in these conditions. India has used the money in the adaptation fund to research new agricultural technology. To help mitigate the effects of climate change, the Indian Council of Agricultural Research has demonstrated new technologies, such as flood-tolerant rice varieties, and social interventions, like community-run seed banks and village level climate-risk management committees. Maheswari hopes that,"With money from the NAFCC, it will be possible to 'scale up' such projects and initiate new ones to"

quantify gains of adaptation". The size of the adaptation fund is still small ( around 16 million US dollars). According to author Dinesh Sharma "economy. "The fund should be 'scaled up' in the coming years, and different models of cofinancing should be explored, with contributions from state governments", suggests Rajendra Kumar Pachauri, director general of The Energy and Resources Institute (New Delhi). In light of climate-change impacts, "Adaptation in agriculture should translate into better water management, temperature-resistant seeds, improved crop diversity, and more reliable weather forecasting", asserts Chandra Bhushan, the deputy director general for the Centre for Science and Environment (New Delhi)." The fund has been increased over the years but the US has set a goal to get to 100 million US dollars by 2020 so that all countries can freely use the fund."At the Conference of the Parties (COP15) in 2009, developed countries pledged to provide new and additional resources, called the First Start Finance, approaching US$30 billion between 2010 and 2012 and with balanced allocation between mitigation and adaptation. Finally, but not the last, the Green Climate Fund was established in 2010 as part of the United Nations Framework Convention on Climate Change. It set a goal of raising US$100 billion a year by 2020 to deliver equal amounts of funding to mitigation and adaptation in developing countries." Fund's use has dramatically increased over the years according to Laura Kuhl "the term has increased in usage dramatically over time. For the GCF, in the first year of the fund, the term was only used 28 times, but by 2019 there were over 700 uses of the term, with a steady increase year over year. While the trend is most dramatic for the GCF, both the GEF and the AF also use the term, although to a much smaller extent. In the early years of the LDCF/SCCF and AF mentions are rare, but in the early 2010s, the term begins to be used more regularly. For both funds, a few documents are responsible for the majority of the references (i.e. a 2013 and 2016 report for the GEF and a 2015 report for the AF)." Since the use of the fund has greatly increased the amount of money in the fund should also be increased