There is an ongoing debate about criteria based on which allocation of climate finance, particularly financing adaptation, is made. This article aims at investigating the determinants of fund allocation and the consequences of rearrangement considering the case of the Adaptation Fund (AF). This research conducts a mixed-method approach including binary logistic regression and multiple regressions to analyze the factors that influence access to and volume of funding from the AF, respectively, along with a qualitative assessment of the AF’s institutional features. The findings suggest that the level of vulnerability of a country is likely to affect accessibility to and the volume of funding from the AF. Besides, low-income countries are more likely while least developed countries are less likely to access the fund. Readiness of country is not significant for accessing the AF; however, it affects the volume of funding. Funding allocation rearrangement may put the AF on pressure for effective use of the readiness program.

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通过适应基金进行气候融资：是什么决定了资金分配？

关于气候资金分配，特别是适应资金分配的标准，一直存在争论。本文旨在研究基金分配的决定因素以及考虑适应基金 (AF) 的情况下重新安排的后果。本研究采用混合方法，包括二元逻辑回归和多元回归，分别分析影响从 AF 获得资金和数量的因素，并对 AF 的制度特征进行定性评估。调查结果表明，一个国家的脆弱程度可能会影响 AF 的可及性和资金量。此外，低收入国家更有可能获得该基金，而最不发达国家则不太可能获得该基金。国家的准备情况对于访问 AF 并不重要；但是，它会影响资金量。资金分配重新安排可能会给 AF 带来有效使用准备计划的压力。