WASHINGTON D.C.,10 December 2020 – The United Nations Industrial Development Organization (UNIDO) has been accredited by the Adaptation Fund as its 52nd implementing entity. UNIDO is the 14th multilateral implementing entity to be accredited by the Fund, joining six regional and 32 national implementing entities with the capability to identify and develop effective adaptation projects throughout the world.
The Adaptation Fund was established under the Kyoto Protocol of the UN Framework Convention on Climate Change, and since 2010 it has committed about US$778m for climate change adaptation and resilience projects and programmes, including 114 concrete localized adaptation projects in the most vulnerable communities of developing countries around the world with nine million direct beneficiaries.
“UNIDO is excited about its accreditation as a Multilateral Implementing Entity of the Adaptation Fund and is looking forward to engaging with relevant stakeholders to develop country-driven and -owned adaptation interventions,” said UNIDO Director General, LI Yong. “We want to support vulnerable communities as they strive for climate resilience and improved livelihoods. We are honoured to be part of the Fund’s family of implementing entities and are convinced that UNIDO’s mandate of inclusive and sustainable industrial development can add a lot of value to the scope of projects supported by the Fund.”
UNIDO is only the second entity (after the UN Food and Agriculture Organization) to successfully go through the Fund’s ‘Fast-Track Accreditation’ process. The Fast-Track Accreditation route makes it possible for applicant implementing entities that have already obtained accreditation with the Green Climate Fund (GCF) to benefit from a more efficient and quicker process. The Fund provides a reciprocal fast track accreditation process for GCF to further foster synergy between climate funds. UNIDO was accredited with GCF in August 2020, making it eligible to be fast-tracked with the Adaptation Fund.
“The accreditation of UNIDO is a significant step towards ensuring that the Adaptation Fund is able to serve vulnerable countries and communities with needed financial support for an even wider range of technical solutions to help them effectively adapt and enhance their resilience to climate change, including through local economic development and diversified livelihoods,” said Mikko Ollikainen, Manager of the Adaptation Fund. “It is also great to see our fast-track accreditation policies making a difference in enhancing access to climate finance for implementing partners to support vulnerable countries.”
The Adaptation Fund press release states, "UNIDO’s history of leadership in implementing concrete adaptation projects in member developing countries makes it an important partner in the fight against climate change....It further has more than two decades of close partnership with the Global Environment Facility, with several adaptation projects in developing countries that are helping to improve the environmental performance of industries and produce co-benefits such as human health, job creation and shared prosperity."
For more information, contact:
Juergen Hierold, UNIDO
Matthew Pueschel, Adaptation Fund