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

Today’s EU Finance Ministers meeting inBrussels reached a deal to resolve disagreement on regulators’ powers over clearinghouses that will handle over-the-counter (OTC) derivatives.

Today at the UN climate change talks in Durban the European Union as a bloc has reported that it has spent €2.34 billion during 2011 as ‘fast start finance’.  This is part of the EU’s €7.2 bil

European energy ministers meeting in Brussels today agreed European drivers should be obliged to burn massive quantities of food crops in their fuel tanks until 2030. Anti-poverty organisation Oxfam and green group Transport & Environment (T&E) deplored this policy that would only benefit the biofuels industry and contribute to hunger and environmental damage.

South Africa is facing its smallest maize harvest since 2007 this year as record-high temperatures and drought continue to hit its agricultural sector. According the government’s Crop Estimates Committee, only 7.44 million tons of maize is likely to be harvested in 2016 - that’s 25 percent less than the 9.94 million tons reaped.

As climate talks in Germany wrap up, both poor and rich nations increasingly recognize that fixing the climate change adaptation funding gap, one of the biggest holes in the Paris Agreement, will be a major challenge at the next United Nations conference in Morocco. 

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.'

The G20 leading economies have sidelined development and food security at their summit in Los Cabos.

At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

At least ten million poor people face hunger this year and next due to droughts and erratic rains, influenced by climate change and the likely development of a ‘super El Niño’.