Recommendation 34

Globally, adaptation plays “second fiddle” to mitigation in terms of international climate finance.63 Following a threat by low- and middle-income countries to walk out on the negotiations in Copenhagen in 2009, higher income countries pledged to provide “scaled up, new and additional, predictable and adequate funding” to meet “a goal of mobilizing jointly US$100 billion per year by 2020 to address the needs of developing countries” in addressing climate finance through mitigation and adaptation.64 The Paris Agreement committed nations to provide a balance of support to adaptation and mitigation.65