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About innovative financing for development and climate change EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa

Global greenhouse gas (GHG) emissions are set to rise by 10.6% by 2030 instead of falling by the 45% needed to limit the increase in global temperature to 1.5 °C. The G20 countries are the worst and most-responsible offenders, says Oxfam.

In response to the G20 communique, Oxfam says: ‘The G20 has failed to meet the huge challenges our world faces. They continue to stumble away from taking the bold actions necessary to tackle poverty, inequality, and climate change after an uninspiring and underwhelming Summit in India this weekend.” 

Food prices are a matter of life and death to many in the developing world.

French President Sarkozy and European Commission President Barroso spoke at today’s conference on commodities and raw materials in Brussels, organized by the European Commission ahead of next week’

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.

European Commission President Jose Manuel Barroso today threw his full support behind an EU Financial Transaction Tax (FTT) arguing that banks must make a '”contribution” back to society af

European leaders failed today to meet the expectations they had raised of cracking down on tax dodging at a summit in Brussels. In reaction, Catherine Olier, Oxfam’s EU Policy Adviser, said:

Taxes that disproportionately affect ordinary Europeans – consumption and labour taxes – bring in 13 times more revenue than taxes on wealth, which are paid mainly by the super-rich, according to a new analysis by Oxfam. 

Today, European finance ministers updated the EU tax haven list. They added Brunei Darussalam and removed Costa Rica and Curaçao from the greylist. There were no changes to the blacklist.