Multilateral climate change adaptation The Adaption Fund (AF) assists developing country Parties to the Kyoto Protocol that are vulnerable to the adverse effects of climate change in meeting the costs of adaption by financing projects and programs that are country driven. As at February 2013, the AF had approved 27 adaption projects worth $179 million primarily in water management, coastal management and food security, benefiting 430,000 people by reducing their exposure to climate-related threats and hazards, delivering 39 early warning systems, training 1600 people to improve adaptive capacity, and strengthened 14 physical assets to withstand conditions resulting from climate variability and change. Funding under this initiative represents Australia's contribution to the fund valued at $15.0 million, to be expensed during the 2012-13 financial year.