Question

Differentiate between Technology mechanism ,Green climate fund ,Adaptation fund

Answer 1

Parameters	Technology Mechanism	Green Climate Fund	Adaptation Fund
Objective	Facilitates access to environmentally-friendly technologies in developing countries	Supports low-emission and climate-resilient development in developing countries	Funds adaptation actions in developing countries that are particularly vulnerable to the adverse effects of climate change
Funding Source	Private and public sector investments, contributions from developed countries	Contributions from developed countries	Contributions from developed countries
Funding Allocation	Allocated to projects and programs that promote technology transfer and development in developing countries	Allocated to projects and programs that promote low-emission and climate-resilient development in developing countries	Allocated to projects and programs that enhance the adaptive capacity of developing countries to climate change
Focus	Technology transfer and development	Low-emission and climate-resilient development	Adaptation to climate change
Implementation	Implemented through partnerships between governments, international organizations, and the private sector	Implemented through accredited entities, such as national development banks, international organizations, and the private sector	Implemented through accredited entities, such as national development banks, international organizations, and the private sector
Criteria for Funding Approval	Proposals must demonstrate the potential for greenhouse gas emissions reduction and/or adaptation to climate change	Proposals must align with the priorities and goals of the Green Climate Fund, and must demonstrate potential for low-emission and climate-resilient development	Proposals must align with the priorities and goals of the Adaptation Fund, and must demonstrate potential to enhance adaptive capacity to climate change

Establishment	Established under the United Nations Framework Convention on Climate Change (UNFCCC)	Established under the United Nations Framework Convention on Climate Change (UNFCCC)	Established under the Kyoto Protocol to the UNFCCC
Eligibility	Available to all developing countries	Available to developing countries that are Parties to the UNFCCC	Available to developing countries that are Parties to the Kyoto Protocol
Size	No specific funding amount, but relies on voluntary contributions	As of December 2021, has received pledges totaling $11.7 billion USD	As of December 2021, has received pledges totaling $966 million USD
Benefit	Encourages the transfer of clean technology from developed to developing countries, helping to reduce greenhouse gas emissions	Helps developing countries to shift towards low-emission and climate-resilient development, which can reduce their vulnerability to climate change and increase their resilience to its impacts	Helps vulnerable developing countries to adapt to the adverse effects of climate change, such as sea-level rise, droughts, and floods
Role of Private Sector	Encourages the involvement of the private sector in technology development and transfer	Private sector involvement is encouraged in the design, implementation, and financing of projects and programs	Private sector involvement is encouraged in the design, implementation, and financing of projects and programs
Board Membership	Includes members from both developed and developing countries, as well as representatives from civil society and the private sector	Includes members from both developed and developing countries, as well as representatives from civil society and the private sector	Includes members from both developed and developing countries, as well as representatives from civil society and the private sector