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Saturday, November 8, 2008

GEF Strategic Priority on Adaptation

For the Global Environmental Facility's Council Meeting on the 11-13th of this month, the GEF has prepared a report on the completion of its Strategic Priority on Adaptation. This pilot project provided $50 million to help fund adaptation in the developing world - the first major investment by GEF directly in the adaptation arena. According the the report, the pool of funds has now been fully allocated and the funded adaptation projects have been initiated. However, those projects are still in the early stages of implementation. Therefore, future work remains in seeing these projects through and evaluating their performance. Nevertheless, the report also comments that there continues to be strong demand for such GEF-funded adaptation programs and projects.

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