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Details of the World Bank’s climate finance flows to developing countries are being poorly disclosed and may be hiding discrepancies and allowing for dubious claims, according to a new report by Oxfam.

In reaction to today’s EU Environment Ministers’ biofuels debate, Marc-Olivier Herman, Oxfam’s EU Policy Advisor, said:

The European Commission unveiled measures to cut greenhouse gas emissions focused on transport, buildings, land and agriculture, which Oxfam says puts the EU at odds with its commitments under the Paris Climate Agreement.

Today’s proposal by the European Commission to cap support for biofuels made from food crops at 5% of the demand for energy in transport sends a welcome but long overdue message to markets

G7 leaders meeting in Taormina, Sicily, this week should take the lead in fighting famine and immediately fund nearly half of the UN’s urgent appeal to avoid catastrophic hunger and more deaths.

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.

Russia’s absence from the G7 summit is a stark warning to Europe that political turmoil on its doorstep risks an energy price crisis, at the same time as the effects of climate change on food imports could drive up costs.

Today, EU member states have proposed a spending increase of 10 percent in 2019 for the EU’s external policies compared to this year’s budget. However, governments are focusing on the wrong issues, Oxfam, Save the Children, DSW and IPPF EN say. The organizations argue a strong focus on human development is needed to counter increasing inequalities and make sure no one is left behind.

In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.

As the COP19 climate talks start, poor countries are being left with little idea about what money is available to help them cope with climate change because of murky accounting and a lack of transparency by rich countries.