While strengthening CNN`s ambitions is an important objective of the global inventory, efforts beyond mitigation are evaluated. The five-year revisions will also assess adaptation, climate change provisions, and technology development and transfer. [29] While mitigation and adjustment require increased climate funding, adjustment has generally received less support and has mobilized less private sector action. [46] A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change. [50] The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment. [46] John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020. [33] The 32-day document outlines how countries should reduce their emissions, adapt to the effects of climate change and finance the low-carbon economy in the coming decades. The Paris Agreement marks the beginning of a shift towards a low-carbon world – much remains to be done. Implementation of the agreement is essential to achieving the Sustainable Development Goals, as it contains a roadmap to combat climate change to reduce emissions and build resilience to climate change. Thus, the United States will cease today all implementation of the non-binding Paris Agreement and the draconian financial and economic burdens that the agreement imposes on our country. It also means ending the implementation of the national contribution and, most importantly, the Green Climate Fund, which is costing the United States a huge fortune. Adaptation issues were at the forefront of the paris agreement.

Collective long-term adaptation objectives are included in the agreement and countries must be accountable for their adaptation measures, making adaptation a parallel element of the mitigation agreement. [46] Adaptation objectives focus on improving adaptive capacity, resilience and vulnerability limitation. [47] The Paris Agreement [3] is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions and was signed in 2016.