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EU governments are losing out on a staggering 286.5 billion euros in revenue annually, equivalent to 33 million euros per hour, due to their failure to fairly tax Europe’s wealthiest. This amount, equivalent to Finland’s GDP, represents what a European wealth tax of up to 5 percent could raise every year, according to Oxfam’s analysis. 

There is growing scientific analysis suggesting that the impacts of current and recent droughts in East Africa are likely to have been aggravated by climate change. Without global efforts to reduce emissions and to help the world’s poorest people cope with the effects of climate change, this crisis will continue to repeat itself.

Urgent action needed by governments to tackle root causes of crisis at next week's UN Committee for World Food Security Oxfam’s GROW campaign policy adviser Luca Chinotti said:

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

Thousands of needless deaths occurred and millions of extra dollars were spent because the international community failed to take decisive action on early warnings of a hunger crisis in East Africa, according to a new report by the international aid agencies Oxfam and Save the Children.

International agency Oxfam today called for a radical shake up of the Food Aid Convention, being negotiated in London this week (week of 28 February), to ensure the burgeoning number of hungry people in the world get the predictable, timely and appropriate aid they need.

Our new report warns multiple climate impacts could reverse 50 years of work to end poverty. Shifting seasons are destroying harvests and causing widespread hunger - but this is just one of the multiple climate change impacts taking their toll on the world’s poorest people.

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. 

In reaction to Ethiopia’s latest food insecurity figures released today, Oxfam’s global Emergency Food Security Advisor, Emily Farr, said: “The new figures released today from the IPC showing new and dangerous levels of hunger in Ethiopia are extremely worrying. According to the latest IPC findings, there are right now over 350,000 people in a hunger catastrophe - the largest number of people to reach that classification since Somalia in 2011. This number is expected to climb to 401,000 in July."

Oxfam joined civil society organizations from around the world to demand the member governments of the UN Framework Convention on Climate Change (UNFCCC) take decisive action urgently on climate change.