Hans Olav Ibrekk, Norwegian Ministry of Foreign Affairs

Hans talks to Climate Home about their adaptation fund which was established as part of the Kyoto Protocol. The fund has been operational since 2009 supporting 52 countries. Hans explains that finances came from taxing the Clean Development Mechanism where they received 2% of carbon emission credits, which they could sell on the market. However since the crash of the carbon market the fund has been relying on voluntary contributions from donors, which is currently not enough. Hans gives examples of adaptation projects around the world and tells Climate Home that he hopes COP21 will secure additional pledges to support viability of the adaptation fund.