The UNFCCC secretariat has agreed with the Adaptation Fund Board and its trustee, the World Bank, to buy and cancel, on regular basis, Adaptation Fund Certified Emission Reductions (CERs) to offset the GHG footprint remaining after its emission reduction efforts. A first batch of 1,800 CERs equivalent to the travel footprint of UNFCCC funded delegates and staff from the first half of 2012 has already been cancelled. Another estimated 3,000-4,000 CERs will follow in December, when the emissions from the second half of 2012 including the Doha Climate Change conference will be known.
The UNFCCC secretariat is calling upon all sister UN agencies and intergovernmental organizations to consider Adaptation Fund CERs when offsetting the unavoidable balance of GHG emissions.
The Adaptation Fund has been established by governments to finance concrete adaptation projects and programmes in developing countries. The proceeds from the purchase of AF CERs therefore benefit especially those countries that are particularly vulnerable to the adverse effects of climate change.
The Adaptation Fund is mainly financed from a share of two per cent of CERs that are issued each year for Clean Development Mechanism projects under the Kyoto protocol. Consequently, the purchase of Adaptation Fund CERs does not support a particular CDM project or a sub-set of projects, but the widest possible cross-section of CDM projects, including from countries that are currently under-represented in the world-wide distribution of CDM projects.