National Adaptation Fund for Climate Change

News: It was recently informed in the Lok Sabha that under NAFCC, till date, 30 projects are sanctioned in 27 States and UTs.

What is NAFCC?

  • Established in August, 2015. It aims to meet the cost of adaptation to climate change for the State and Union Territories of India that are particularly vulnerable to the adverse effects of climate change.
  • Considering the existing arrangement with NABARD as National Implementing Entity (NIE) for Adaptation Fund (AF) under Kyoto Protocol and its presence across the country, NABARD has been designated as National Implementing Entity (NIE) for implementation of adaptation projects under NAFCC.
  • NABARD would perform roles in facilitating identification of project ideas/concepts from State Action Plan for Climate Change (SAPCC), project formulation, appraisal, sanction, disbursement of fund, monitoring & evaluation and capacity building of stakeholders including State Governments.
  • Fund level outcome parameters will consist of the following:
    • Reduced key risks and adverse impacts of climate change in water and agriculture sectors.
    • Maximised multi-sectoral, cross-sectoral benefits/co-benefits to meet the challenges of water and food security.
    • Human development, poverty alleviation, livelihood security and enhanced awareness of community.
    • Strengthened institutional & individual capacity to reduce risks associated with climate-induced socioeconomic and environmental losses.