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National self-interest and brinkmanship must not be allowed to sabotage the Cancun climate talks and risk reversing the progress made over the past two weeks, warned Oxfam on the penultimate day of the increasingly volatile Summit.

Today European Finance Ministers agreed their common position for the United Nations COP 19

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

Two years ago, rich nations promised to deliver a legally binding climate deal in Copenhagen. Now rich countries have admitted to back peddling in order to accommodate the US.

Europe is putting a global climate deal at risk and threatening the lives of millions of the world’s poorest, said development agency Oxfam International, as Environment Ministers met today to hammer out Europe’s position for a post-2012 global deal.

EU Finance Ministers today adopted a report on Europe’s progress towards its share of the $30 billion promised by rich countries at the 2009 Copenhagen climate summit to help poor countries

The 150 countries that have now publicly committed to carbon reduction pledges show that December’s UN climate summit in Paris could, at last, be built on international cooperation rather than competition. 

UN climate talks are off the life-support machine, following a last-minute agreement that gives the Kyoto Protocol a lifeline. It establishes a global Climate Fund and, while falling short of the emissions cuts needed, lays out a path to move towards them.

Poor countries will today leave the UN climate change negotiations in Doha with little more than they arrived with, because developed countries failed to take any meaningful collective action to prevent and address the most harmful impacts of climate change.

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