It’s hard to believe but, yes, it’s been nearly 15 years since Parties set up the Least Developed Countries Fund (LDCF) to support LDCs in identifying “urgent and immediate” adaptation projects by preparing National Adaptation Programmes of Action (NAPAs). Yes, that’s the same fund that the Global Environment Facility (GEF) managed with voluntary contributions from developed countries. Here’s the good part of this story: all 48 LDCs have completed their NAPAs and most have started implementing priority adaptation projects with LDCF funding. So far the LDCF has received nearly 900 million USD. However, during last week’s GEF Council session, it … Continue reading Urgent and immediate, but not worth funding?