Least Developed Countries Fund (LDCF)
Description
The LDCF is a voluntary trust fund established under the UNFCCC, and managed by the GEF, to address the special needs of the Least Developed Countries (LDCs) that are especially vulnerable to the adverse impacts of climate change. Specifically, the LDCF is tasked with financing the preparation and implementation of National Adaptation Programs of Action (NAPAs). NAPAs use existing information to identify a country’s priorities for adaptation actions. The LDCF is the only existing fund whose mandate is to finance the preparation and implementation of the NAPAs. The LDCF is also mandated to support the preparation of the NAP process in LDCs. As at October 4, 2013, 49 countries had completed and submitted their NAPAs and 46 LDCs had accessed support for 120 projects in support of the implementation of their NAPAs. As of September 30, 2013, 25 donors pledged and signed Contribution Agreements amounting to USDeq. 781.5 million. The support from Fimland to the LDCF has been about 3.7 million euros this year, this is additional support of 1.96 million euros coming from revenues from the EU’s emission trade scheme.
More information
Funding decision 2013-12-13 00:00:00.0
1 960 000 €
Objectives monitored by OECD's Development Assistance Committee
- Climate change - adaptation
- Aid to environment
Field of activity
- Environmental policy and administrative management 100%
Funding channel
Maailman ympäristörahasto
Contact
Code for the object of funding
89891963
ID
UHA2013-008261
Modified
2013-12-30 00:00:00.0