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The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

Oxfam welcomed reports of increased climate finance pledges made by finance ministers in Lima today, but warned that only a fraction is meant to help countries most vulnerable adapt to the devastating effects of climate change.

 Oxfam analysis of how climate change funds are allocated and accounted for shows very concerning trends for the world’s poorest countries and communities.

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."Reacting to remarks by German chancellor Angela Merkel, Jan Kowalzig, Oxfam Germany’s climate change policy lead said:“Angela Merkel referred to Germany’s 2020 emission reduction target, but failed to explain how her next government plans to avoid the looming embarrassment of missing that target by a wide margin. This would have been a powerful way to show she’s dedicated to meeting the Paris…

There has been an increase in international climate finance in the fight against climate change, according to a new OECD report, which Oxfam is encouraged by. 

Oxfam said it is vital that governments return to the negotiating table before the new agreement takes effect from 2020 to strengthen pledges of emissions cuts and agree to new finance levels. 

Oxfam's response to the UNFCCC’s verdict on what effect national pledges to reduce emissions will have in avoiding dangerous warming.

With the United Nations’ climate conference drawing to a close, it’s clear there’s been very little progress on how to help people affected by climate change, despite record-breaking hurricanes and catastrophic floods dominating headlines this year.

With 2016 on track to be the hottest year ever and a super-charged El Niño putting over 60 million lives at the mercy of unpredictable climate shocks, it’s more urgent than ever to help communities adapt to climate change, said Oxfam at the start of the United Nation’s climate conference in Bonn, Germany.

In “Powering the Transition,” Oxfam details how together, the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank are investing almost $5 billion in fossil fuels in the 10 Asian countries that belong to the Climate Vulnerable Forum.