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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.

The amount of net financial assistance going to help developing countries fight climate change has been miscounted by tens of billions of dollars, according to a new Oxfam report released on the eve of the United Nations’ climate change conference in Morocco.

Millions of people face being displaced from their homes as new data shows land sales covering an area the size of Germany are now under contract, warns Oxfam.

The chance of a successful Paris climate deal depends on rich countries showing they have kept their past commitments, especially the promise they made in Copenhagen to jointly mobilize $100bn of climate financing per year by 2020, warned Oxfam today.

Indigenous Peoples and local communities protect half the world's land, but formally own just 10 percent, according to a report released today by a global alliance of NGOs.The report, “Common Ground: Securing Land Rights and Safeguarding the Earth,” is published by the International Land Coalition (ILC), Oxfam, and the Rights and Resources Initiative (RRI). Together with more than 300 organizations and communities from around the world, they have launched the Land Rights Now campaign, calling for the amount of land these communities…

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

Oxfam Executive Director Helen Szoke said: “Climate funding, urgent emissions reductions and loss and damage must not be the casualties in the eleventh hour. More adaptation funding and stronger action to curb emissions are crucial for the world’s poorest and most vulnerable communities, while people need further support where adaptation is no longer an option.”What happened to the outcome expected today?The text that the COP Presidency presented last night was ultimately a proposal on what they thought could be a platform for agreement. However, when the…

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.

Europeans may still be forced to buy biofuels made from food crops until 2030, as a result of the deal struck by EU member states and the European Parliament this morning on the Renewable Energy Directive (RED II), Oxfam said.

EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.