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“While this report provides helpful information on various actions to advance the climate finance agenda, it fails to boost confidence that developed countries will make significant and swift progress on meeting their commitment to provide $100 billion annually, over 2020-2025 to assist poor countries. The report would have been an ideal moment for developed countries to spell out how they will compensate for missing the $100 billion mark earlier through additional climate finance in subsequent years. Also, it lacks a robust roadmap as to how they’re going to double adaptation finance by 2025, something they agreed to at COP 26.”

The true value of money provided by developed countries to help developing nations respond to the climate crisis may be just a third of the amount reported, according to Oxfam estimates published today.

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

Joint Media Reaction by Oxfam, CAN Europe, APRODEV, CIDSE

Progress achieved during the past two weeks at Bonn will come to nothing if developed countries don’t scale up their ambition. The mood has been more constructive but the disagreements that derailed the Copenhagen talks are still to be resolved.

Oxfam has displayed hundreds of migrants life jackets this week in four European cities to call on the EU to radically change their course on migration.

A High Level Panel to explore new ways of raising $100 billion a year to help poor countries adapt climate change and reduce their emissions was launched by the prime ministers of the UK and Ethiopia and the UN Secretary General today.

Oxfam called on the US to join Europe in laying its climate finance cards on the table as international climate talks opened in Barcelona today.

African countries have called for a suspension of all further talks on the Kyoto Protocol - except for discussions on rich country emissions reduction targets - until substantial progress is made on this critical issue. Hugh Cole, Climate Advisor for Oxfam in Southern Africa said: “The world’s poorest nations are faced with an impossible choice - no climate deal or a bad climate deal. Both options threaten the lives and livelihoods of millions of the worlds poorest people who are already struggling to cope with a changing climate. African leaders have agreed…

European Governments are increasingly relying on bioenergy as a cheap way to meet targets for renewable energy. Bioenergy represented 62% of EU’s renewable energy use in 2012. But new evidence on the real climate impacts and other environmental and social impacts of bioenergy has made its use increasingly controversial.