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The UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.

Climate-fuelled disasters were the number one driver of internal displacement over the last decade – forcing an estimated 20 million people a year from their homes. While no one is immune, it is overwhelmingly poor countries that are most at risk.

The small island states – the country’s most vulnerable to the impacts of climate change – outlined their proposal for a climate deal in Copenhagen today.

In response to President Obama’s climate plan announcement scheduled for this afternoon Gawain Kripke, research and policy director for Oxfam America said: 

All countries will have to contribute their fair share in cutting global emissions, says Oxfam in reaction to the IPCC report on mitigation, which was launched today.

The United States’ withdrawal from the Paris Agreement is an indefensible, pointless and morally bankrupt capitulation that will only serve to weaken the global effort to combat the climate crisis, Oxfam said.

On the shape of the new 2015 climate agreement being negotiated this week, Tracy Carty, Oxfam Climate Change Policy Adviser, said:

The Business and Climate Summit was an opportunity for companies to lead by example, and though several did show willing, it was not nearly enough to champion the urgent action needed to help combat climate change.

The European Commission published today a paper on how to raise the $100 billion per year pledged by rich countries at last year’s UN climate talks in Cancun to help poor countries protect

“The postponement should not delay urgently needed action on climate change which is already increasing poverty and suffering around the world", said Danny Sriskandarajah, Oxfam GB Chief Executive, in response to the announcement that the UN Climate Summit is being pushed back to November 2021 ―a year after it was originally scheduled.