EU ministers should take initiative on climate finance to break deadlock of US/China- dominated climate talks
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.
Oxfam is calling on the EU environment ministers to outline a finance package to help those already bearing the brunt of climate change. The package will help breathe new life into the climate negotiations and maximize European Union influence at the next UNFCCC meeting in Cancun at the end of November.
The package should include:
- Support for a new Global Climate Fund which will ensure that climate cash is processed transparently and delivered where it is needed most, and which places adaptation at the heart of tackling climate change alongside mitigation. An Oxfam report launched last week revealed that less than 10 per cent of the total climate funds delivered so far are for adaptation
- The EU reporting of the $30bn Fast Start Finance promised last year must clearly show that it is new money, on top of the 0.7 per cent aid commitment. At the moment there are different interpretations on what is additional. Oxfam is clear that climate money must be on top of the 0.7 per cent of Gross National Income pledged, not on the amount that has been delivered so far as this would mean diverting aid from health and education to pay for the new, additional burden facing millions of vulnerable people.
- A signal that the $100bn a year pledged by rich countries in Copenhagen should come from public sources only, building on last year’s EU agreement that at least €22-50bn per year should come from public sources by 2020. Only public funds can ensure that vital projects that are not attractive to private investors get the funding needed so communities can adapt to the effects of climate change
Oxfam’s EU policy adviser Tim Gore said: “Climate finance can be the EU’s winning card to maximize its influence at Cancun and ensure that millions of poor people around the world already affected by climate change move closer to getting the funding they desperately need to adapt and develop in a low-carbon way. If EU ministers were to play this card well, the EU could inject new momentum in time for Cancun.”
Oxfam is calling for the Global Climate Fund to better represent those who are affected most – particularly women who live on the frontline of climate change and grow more than half of the food in poor countries yet are often overlooked. The ministers, who will represent the EU in Cancun, should call for innovative financial mechanisms that raise public money, like the Robin Hood Tax and levies on international shipping and aviation, to avoid dipping into government budgets.
“The EU has led the world in tackling climate change before and should not shrink away now,” said Gore. “Progress on climate finance can put the UN talks back on track, and these environment ministers should signal to their finance ministers and to the world that the EU must show the way. Millions of vulnerable people are still waiting for action.”
Sow the seed: 3 fun, simple steps to show world leaders the importance of a fair, ambitious and binding climate deal
Download Oxfam's latest Climate Change report: Righting Two Wrongs: Making a New Global Climate Fund Work for Poor People
Notes to Editors
Oxfam campaigners in Dublin, Paris, Brussels, Rome and across the UK are organizing "flashcrops" on October 14 - organic installations highlighting the need to support poor food producers fighting climate change. This is timed to remind environment ministers of the urgent need to act. For more information about the flashcrops, please contact Angela Corbalan.
Climate Change blog
Why is Russia still arming #Syria? Interesting @NYTimes editorial http://t.co/mDrecVJf4v #oil #NYT #SyriaCrisis38 min 14 sec ago
Oops, correct link here to press release: ‘Squeezed’: how poor ppl are adjusting to rising #foodprices http://t.co/lgDXW3bjK01 hour 2 min ago
#EU leaders back the interests of an elite minority, fail to clamp down on #taxdodging http://t.co/VNbvkyMmyG @OxfamEU1 hour 17 min ago
RT @louis_press: Lebanon saw an increase of 12% of its population (500.000) w/ #refugees from #Syria = As if 7.5m would enter Great Britain…2 hours 35 min ago
RT @louis_press: Untold story of #syria war is the incredible generosity + hospitality of ppl of #Lebanon #Jordan #Iraq. Despite tensions, …2 hours 52 min ago
More than 80,000 people have been killed & several million displaced since the #SyriaCrisis began http://t.co/WYbyDUytmX #Syria3 hours 3 min ago
Delayed weddings & funerals: Today’s high #foodprices are exacting a deep social cost on poor people http://t.co/eUru4L7Y784 hours 5 min ago
Risky jobs & domestic violence = the social cost of today’s high #foodprices http://t.co/UFZRYFYWqi new Oxfam & @IDS_UK report5 hours 37 min ago
+32 million people fled their homes last yr because of #climate disasters such as floods, storms, earthquakes http://t.co/CumgcyOrWK6 hours 7 min ago
Africa must be in control of its fortune - and therefore it's future http://t.co/kMnJFIQmQu @Winnie_Byanyima via @allafrica18 hours 17 min ago
As summer temps could reach +100°F, health risks increase for #Syria #refugees in Jordan & Lebanon http://t.co/Zhzv5FT8he #SyriaCrisis20 hours 31 min ago
Number of Syrians in need of humanitarian aid rises to over 8 million http://t.co/uYHZbeHonP via @UN @Refugees #SyriaCrisis20 hours 56 min ago
RT @benphillips76: Oxfam's Pan Africa @JanahNcube: "Our leaders say we are rising. They are rising but inequality is obscene. Stealing is n…21 hours 44 min ago
In #Kenya, women own 1/2 of all small & medium enterprises, but lack comparable support/resources that men receive http://t.co/1JscJYHCZJ22 hours 37 min ago
Cameron: #G8 will 'knock down the wall of secrecy' on UK-linked #taxhavens. Will he make good? http://t.co/NjorjQpqAk @HuffPostUK23 hours 37 min ago