The idea for the Future Fund was conceived at the 22nd Conference of the Parties (COP22) in Marrakech in 2017. Since then, it has grown to play a key role in empowering developing and emerging economy regions to raise the bar and accelerate the transition towards a resilient and net zero future.
Now in its fifth year, the Future Fund remains a critical and transformative project. It has supported beneficiary governments in emerging regions through projects and secondments - designed to facilitate capacity building and peer-to-peer learning. Over the years, the number of projects it has been able to fund has tripled. This demonstrates the importance of having funding in place to empower these regions to join in the global response to climate change.
The COVID-19 pandemic further emphasised the importance of supporting developing countries to achieve their climate targets, despite the inevitable shortage of financial, technical and capacity resources. The Future Fund was able to overcome the challenges of COVID-19 to help more governments build back greener, and keep a just and equitable transition at the centre of their economic and climate strategies. When the world came to a stop, the Future Fund continued to facilitate international secondments by adapting them to an online platform. This helped to build knowledge and capacity through peer-learning on topics relevant to developing regions.
In the past year, we have funded three knowledge and capacity-building projects, and three peer-learning secondments to support Under2 Coalition members to strengthen their response to climate change. We also supported 12 government officials from developing and emerging economy regions to attend our General Assembly and other side events at COP26 in Glasgow. As well as welcoming six new beneficiary members to the Coalition, ensuring a diverse representation in the fight to tackle climate change. The Future Fund will support three more projects and five more secondments next year, increasing our footprint towards a just and greener future.
All of this would not be possible without the financial support received from the governments of Baden-Württemberg, Québec, Scotland and Wales, and we are extremely grateful for their climate leadership and commitment to support the growth of the Future Fund.