Agriculture is the human enterprise that is most vulnerable to climate change. Tropical agriculture, particularly subsistence agriculture is particularly vulnerable, as smallholder farmers do not have adequate resources to adapt to climate change. While agroforestry may play a significant role in mitigating the atmospheric accumulation of greenhouse gases (GHG), it also has a role to play in helping smallholder farmers adapt to climate change. In this paper, we examine data on the mitigation potential of agroforestry in the humid and sub-humid tropics. We then present the scientific evidence that leads to the expectation that agroforestry also has an important role in climate change adaptation, particularly for small holder farmers. We conclude with priority research questions that need to be answered concerning the role of agroforestry in both mitigation and adaptation to climate change.