Tagged: adaptation finance
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.
The poorest people who need the most help to adapt to a changing climate are largely being bypassed by the small amount of climate funds now being disbursed, says a new Oxfam report published today at the UN climate change talks in Tianjin, China.
The Copenhagen summit was a historic opportunity - shamefully missed - to build a better future for us all, especially for poor communities. This video explains how Oxfam is keeping the pressure on world leaders on emission cuts and climate adaptation finance this year.
A High Level Panel to explore new ways of raising $100 billion a year to help poor countries adapt climate change and reduce their emissions was launched by the prime ministers of the UK and Ethiopia and the UN Secretary General today.
As the US, Ethiopia and European Union coalesce around a climate finance package of $100 billion, Oxfam is calling for rich countries to provide at least $200bn a year in new money to help poor countries adapt to a changing climate and reduce their emissions.
The European Union is rumored to be preparing just a token handout for climate action in poor countries for the next three years, with no guarantee that this money is going to come on top of existing aid commitments.
Slideshow of the Oxfam Big Heads in Barcelona. So far, big headed leaders have failed to commit their fair share of the new money that is needed to help poor countries adapt to a changing climate.