peru

peru

Oxfam reacts to UNFCCC climate finance estimates

The UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.

A Peruvian child standing up in front of a lake, Huayhuawasi community, Peru. Percy Ramírez/Oxfam

Another year of increasingly extreme and destructive weather and new political momentum were not yet enough to boost the ambition of UN climate talks in Peru. 

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