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Commenting on the Powering Past
Government leaders, ministers, and other representatives from countries participating in the COP 23 climate summit in Bonn spoke at the start of the "high-level segment."
Communities hit by climate-related disasters may have to wait even longer for help since negotiations at COP23 are failing to make meaningful progress on “loss and damage” finance.
"We’re concerned that too much of the focus is on the ‘insurance’ aspect; insurance doesn't actually reduce risk, and it could be unaffordable for the communities it's meant to cover," said Tracy Carty.
Reacting to the event organized by the United States' delegation at COP 23 to showcase different fossil fuels, Heather Coleman, Oxfam America's climate and energy director said:
4.8 million people in South Sudan are facing severe hunger in the middle of the harvest season, according to the latest Integrated Phase Classification (IPC) update. This is an ominous sign of a food crisis fast spiralling out of control and urgent action is needed.
At a meeting at the OECD in Paris on the future of development aid, governments of the world’s richest countries promoted the use of development aid to support private investment in poor countries, but failed to focus on the rules and safeguards needed to make sure it supports the people most in need.
The European Commission has shown yet again how EU governments grant unfair tax schemes to powerful multinationals, Oxfam said reacting to the opeing of a new investigation into a UK tax scheme that exempts multinational companies from an important anti-tax avoidance measure.