The ClimAdaPT.Local Project is integrated in the AdaPT Program, supervised by the Portuguese Environment Agency as manager of the Portuguese Carbon Fund, in a total of 1,5 million Euros, 85% co-financed by the EEA Grants and 15% by the Portuguese Carbon Fund (FPC). The project benefits of a 1,27 million Euros support from the donor countries Iceland, Liechenstein and Norway through the EEA Grants program, and 224.000 Euros through the FPC.
Through the EEA Grants and Norway Grants, Iceland, Liechtenstein and Norway contribute to reducing social and economic disparities and to strengthening bilateral relations with the beneficiary countries in Europe. The three countries cooperate closely with the EU through the Agreement on the European Economic Area (EEA).
For the period 2009-14, the EEA Grants and Norway Grants amount to 1,79 billion Euro Norway contributes around 97% of the total funding. Grants are available for NGOs, research and academic institutions, and the public and private sectors in the 12 newest EU member states, Greece, Portugal and Spain. There is a broad cooperation with donor country state entities, and activities may be implemented until 2016.
Key areas of support are environmental protection and climate change, research and scholarships, civil society, health and children, gender equality, justice and cultural heritage.
The Portuguese Carbon Fund (FPC) was created in 2006, under the Ministry of Environment and Spatial Planning, with budget of 354 million Euros until 2012. Nowadays FPC is managed by the Portuguese Environment Agency.
The main objective of the FPC is to contribute to the achievement of the climate targets agreed by the Portuguese Government under the ratification of the Kyoto Protocol and other commitments on climate change policies.