Since 1980, global disaster related losses account for a total of USD 3.8 trillion, of which 74% can be attributed to weather extremes.7 Adverse impacts are projected to grow - including major shifts in local and regional climate conditions, changes to water availability, sea level rise, heat waves, drought and inundation with severe consequences for human life. Significant investment will be needed to increase the resilience of vulnerable communities, mainly in sectors such as agriculture, water and coastal protection. The Agreement emphasises the need to balance support provision between mitigation and adaptation. It also emphasises that to support adaptation, public and grant based resources are particularly needed.