Poor countries will today leave the UN climate change negotiations in Doha with little more than they arrived with, because developed countries failed to take any meaningful collective action to prevent and address the most harmful impacts of climate change.
ActionAid, Christian Aid, Friends of the Earth, Greenpeace, Oxfam and WWF issued a statement saying the Doha talks were on the brink of disaster and that rich governments had 24 hours to urgently make a deal that reflects the scale of planetary emergency facing humanity.
After another year of extreme weather, developing countries face a looming climate ‘fiscal cliff’ at the end of 2012. Yet new Oxfam research finds most climate finance pledges so far have been recycled funds or loans.
The European Union’s suggestion today of global public financing worth €22-€50 billion per year for developing countries to tackle climate change falls short of what is needed.
World trade rules will not be reformed in the interests of poor countries despite this month’s G8+5’s commitment to finalize the stagnant Doha trade talks by 2010.
As negotiations continued at the WTO in Geneva, international agency Oxfam said that developing countries must not be blamed for delay or possible breakdown of the talks.