The new Asian Infrastructure Investment Bank (AIIB) will be a major new funder of infrastructure in developing Asia. This report sets out a vision for an AIIB partnership with the region’s most climate-vulnerable countries that could forge a new path of economic development.
G7 leaders in Taormina fail to tackle famine or the challenges of migration. President Trump, more than anyone else, blocked agreement on many of these key concerns that affect millions of the world’s poorest people.
G7 leaders meeting in Taormina, Sicily, this week should take the lead in fighting famine and immediately fund nearly half of the UN’s urgent appeal to avoid catastrophic hunger and more deaths.
There is growing scientific analysis suggesting that the impacts of current and recent droughts in East Africa are likely to have been aggravated by climate change. Without global efforts to reduce emissions and to help the world’s poorest people cope with the effects of climate change, this crisis will continue to repeat itself.
For many people in East Africa, the current drought is the worst in living memory. Nomadic pastoralists are among the hardest hit. Their livestock is completely wiped out, meaning they have no means to feed themselves. In eastern Somaliland, Oxfam witnessed entire communities on the move, desperately searching for water and pasture.
Climate change is not a distant, future threat. Right now, it is helping fuel a massive crisis in the Horn of Africa region. Nearly 11 million people in Somalia, Ethiopia, and Kenya face terrifying food shortages, due to a catastrophic drought that has killed off crops and cattle. Urgent action is needed now.
Oxfam's Nadia Daar commented on the Bank and the IMF's progress on climate change, inequality, education, and more.
The World Bank and the International Monetary Fund cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, warned Oxfam.
Farmer seed systems and community seed banks provide an important safety net for cash-strapped, vulnerable people. They also help small-scale farmers manage climate risk. Supporting them is an adaptation opportunity that is currently being missed.
In its proposed new Renewable Energy Directive, the European Commission has given in to the pressure of the biofuel industry lobby at the expense of people and the climate. The proposal would allow EU countries to rely on food-based biofuels to meet their 2030 climate and energy targets, notwithstanding strong evidence of their harmful impact on communities and the environment.