Fonds mondial pour le climat

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.

As the climate talks in Durban enter the final day the emerging deal remains uncertain. But the catastrophic climate impacts the world faces if tough and ambitious decisions are not taken within the next 24 hours are crystal clear.

A new report published today by Oxfam and WWF argues that a proposed deal to apply a carbon price to international shipping should be at the heart of the agreement at the UN climate change conference in Durban, South Africa, later this year.

At the most recent UN Climate Change Conference in Cancun, Mexico in December 2010, governments saved the global climate negotiations from collapse.

Climate change is already negatively affecting the lives and livelihoods of poor men and women.