From this analysis, the level of ODA targeting climate change adaptation and/or mitigation as a principal objective was USD 15.2 billion in 2013-2014 (60% of the total), representing 18% of bilateral ODA, reflecting projects that primarily focus on climate change and representing what can be considered a “lower bound” of climate-related ODA (Figure 4). For the remaining 40% (USD 10.4 billion), climate change considerations are a significant objective, indicating the mainstreaming of climate objectives into development co-operation portfolios. Based on 2013-2014 figures, the majority of climate-related development finance targets mitigation (75%, including projects that target both mitigation and adaptation), while adaptation lags behind with 37% of the resources. Meanwhile, 12% of climate- related development finance is flowing to projects that target both adaptation and mitigation.