Explanation:

Adaptation Fund (AF) was established in 2001 to finance concrete adaptation projects and programmes in developing country Parties to the Kyoto Protocol that are particularly vulnerable to the adverse effects of climate change.
The Adaptation Fund is financed with a share of proceeds from the clean development mechanism (CDM) project activities and other sources of funding. The share of proceeds amounts to 2 per cent of certified emission reductions (CERs) issued for a CDM project activity.
The Adaptation Fund is supervised and managed by the Adaptation Fund Board (AFB). The AFB is composed of 16 members and 16 alternates and meets at least twice a year (Membership of the AFB).
Do you know?
National Adaptation Fund for Climate Change (NAFCC) – a Central Sector Scheme was set up in the year 2015-16.
The overall aim of NAFCC is to support concrete adaptation activities which mitigate the adverse effects of climate change.
The projects related to adaptation in sectors such as agriculture, animal husbandry, water, forestry, tourism etc. are eligible forfunding under NAFCC.
National Bank for Agriculture and Rural Development (NABARD) is the National lmplementing Entity (NIE).
THINK!
•What is the financial mechanism for UNFCCC? What are the other funds?
•Know about different Funds.