UN climate talks are off the life-support machine, following a last-minute agreement that gives the Kyoto Protocol a lifeline. It establishes a global Climate Fund and, while falling short of the emissions cuts needed, lays out a path to move towards them.
Oxfam's EU Climate Change Policy Adviser, Tim Gore, explains the key issues around climate finance and the UN Climate talks, from the October 2010 UN Climate Talks in Tianjin, China, to the December Summit in Cancun.
EU environment ministers could break through the dominance of China and the US that prevented progress at the Tianjin climate talks by making key decisions on climate finance when they meet in Luxembourg today, says international agency Oxfam.
A report on how to raise the billions of dollars needed by millions of poor people already affected by climate change must help jump start the delivery of climate financing.
As climate negotiations in Tianjin, China, closed today, international development agency Oxfam said the outline of an agreement on a set of decisions at the Cancun summit in December are beginning to appear, but governments will need to work with real urgency to achieve real progress this year.