Green Climate Fund
MEPs fail to ensure support for poor countries in adapting to effects of climate change
With its vote on the reform of the EU’s polluter-pays scheme today, the European Parliament’s Environment Committee has failed to introduce effective rules for the support of poor countries in adapting to climate change.
EU leaders open door for EU Emissions Trading System to benefit poorer countries but fail to agree on a concrete signal ahead of Paris
Oxfam welcomes today’s orientation debate on the EU Emissions Trading System as some Member States spoke out in favor of the ETS being a more predictable source of funds for climate action in poor countries.
EU could triple inputs to Green Climate Fund by using Emission Trading Scheme revenues
EU environment ministers again acknowledged the importance of financial support for climate action in poor and vulnerable countries in the Paris climate agreement, but they must invest in the Green Climate Fund, says Oxfam.
European Commission fails to make pollution pricing work for the climate
The European Commission today published – as part of its “summer package” – a legislative proposal to reform the EU Emissions Trading Scheme (ETS). The Commission has failed to use this key opportunity to help address a key stumbling block in the climate negotiations: the provision of predictable and additional climate finance.
Oxfam reacts to Norway pledge to Green Climate Fund
Norway's announcement of $230 million USD welcomed, but still a long way to go to reach the Fund's unofficial goal of $10 billion.
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.
UNFCCC Observers insist on rules for climate finance
Observers at UN Climate talks in Lima have called for strong and clear rules relating to climate finance after a scandal shows Japan is claiming funds to a coal-power plant as being ‘green.'
Pledges to Green Climate Fund reach bare minimum but are important step forward
The announcement of $9.2 billion in pledges to the Green Climate Fund ahead of the Lima climate summit is welcome but only a bare minimum, says Oxfam.
Oxfam reaction to Obama administration planned $3 billion pledge to the Green Climate Fund at the G20
Multiple reports this morning indicate that the Obama administration plans to announce a $3 billion pledge to the Green Climate Fund at the G20 in Australia this weekend.
Learning from Typhoon Haiyan: Asian governments failing to respond to climate change
Many countries in Asia, including Bangladesh, Viet Nam, Indonesia, Pakistan, and the Philippines, should invest more in their governments’ capacity to protect their citizens given the region's vulnerability to climate change.
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