Written question asked by Baroness Northover (Liberal Democrat), in the House of Lords. It was answered by Lord Tunnicliffe (Labour) on Tuesday, 3 March 2009.

Climate Change

Question: To ask Her Majesty's Government what progress has been made on the financing mechanisms for the United Nations climate change adaptation fund.

Answer: The Adaptation Fund was set up in 2007 under the Kyoto Protocol to the United Nations Framework Convention on Climate Change. At its inception it was agreed that it would be funded by a 2 per cent levy on proceeds from the sale of certified emissions reductions (CERs) issued under the protocol's clean development mechanism. The UK Government are working with others on the Adaptation Fund board to establish sound operational procedures for the Adaptation Fund. These include processes to convert CERs into cash resources. The fund is due to commence operation in 2009.

Secondary information