1. Decisions on Adaptation Special Climate Change Fund Support for, inter alia, adaptation activities identified in National Communications and National Adaptation Programs of Action data collection and information networks adaptation planning and assessment pilot and demonstration projects capacity building and contingency planning for climate-change related disasters Least Developed Countries Fund Support for National Adaptation Programs of Action Kyoto Protocol Adaptation Fund Support for “concrete” adaptation projects and programs

2. Financing The three Funds shall be managed by the GEF The developed countries are invited to contribute to these Funds, in addition to their GEF replenishment contributions EU, Canada, Iceland, New Zealand, Norway and Switzerland have committed to provide $410 million per year by 2005 for climate change activities, including GEF replenishment contributions Canada has committed to provide $6 million to jumpstart the Least Developed Country Fund The Kyoto Protocol Adaptation Fund will be financed by the transfer of 2% of the proceeds from CDM projects

3. Adaptation – A Strategic Framework The poor are largely dependent on natural resources for their livelihoods, and hence most vulnerable to the adverse impacts of climate change Bank investments in agriculture, water resources, forestry, etc., need to integrate climate-change concerns in their design so as to enhance their resilience Addressing current climate variability would develop both the methodologies and the capacities to address longer- term climate change Integration in all aspects of Bank work – policy dialog, knowledge management, and investment lending, is essential for long term and sustainable vulnerability reduction

4. Opportunities for Bank Operations Projects in pipeline Mainstreaming Adaptation in the Caribbean Impact of Climate Change on Agriculture in Africa Adaptation in the Pacific Islands Short-term Vulnerability Reduction Collaboration with DMF to create more resilient infrastructure and institutions Long-term Vulnerability Reduction Integration in water, agriculture and forestry projects – e.g., Bangladesh, Malawi Vulnerability Assessment Identify and assess adaptive interventions Capacity Building Human and institutional capacity building through projects and knowledge development and dissemination