African Adaptation Benefit Fund (ABM / AABF)

The ABM is an innovative mechanism for mobilizing new and additional public and private sector finance for enhanced climate change adaptation action. It has the potential to speed up transformation to low-carbon, resilient and sustainable development of the host countries by giving value to resilience. ABM will contribute directly to the establishment of a new business model for adaptation and the achievement of: The Sustainable Development Goals; The Adaptation and Climate Finance goals of the Paris Agreement; The UNFCCC long-term finance goal; Adaptation and resilience goals and needs of developing countries expressed in, amongst others, Nationally Determined Contributions, National Adaptation Plans, Technology Action Plans and Long-term strategies for low-emissions, resilient and sustainable development. More about the African Adaptation Benefit Fund can be found here