A Fund established under the Kyoto Protocol in 2001 and officially launched in 2007. The Fund finances adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol. Financing comes mainly from sales of Certified Emissions Reductions  and a share of proceeds amounting to 2% of the value of CERS issued each year for Clean Development Mechanism  projects. The Adaptation Fund can also receive funds from governments, the private sector and individuals.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report