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Oxfam response to the COP29 climate finance agreement, in which rich countries agree to mobilize $300 billion a year to help Global South countries cope with warming temperatures and switch to renewable energy. 

Wealthy Group of Seven (G7) countries owe low- and middle-income countries $13.3 trillion in unpaid aid and funding for climate action, reveals new analysis from Oxfam ahead of the G7 Summit in Hiroshima, Japan.

Global climate activists today gathered at Baku’s Olympic stadium —the venue for the United Nations climate talks— to urge world leaders to commit to a new, ambitious climate finance deal. The message “Pay Up!” unfolded across the stadium seats, in perfect sight from the COP29 presidency offices located on the opposite side of the arena. 

New survey by Greenpeace and Oxfam ahead of Bonn climate talks where governments are discussing key climate policy priorities.

Climate change is already negatively affecting the lives and livelihoods of poor men and women.

As the international community mobilizes in response to global climatic changes, climate funds must ensure the equitable and effective allocation of funds for the world’s most vulnerable po

Responding to the Intergovernmental Panel on Climate Change’s Working Group I contribution to the Sixth Assessment Report, Oxfam Climate Policy Lead Nafkote Dabi said: “Amid a world in parts burning, in parts drowning and in parts starving, the IPCC today tables the most compelling wake-up call yet for global industry to switch from oil, gas and coal to renewables."

The richest 1 percent have burned through their share of the annual global carbon budget —the amount of CO2 that can be added to the atmosphere without pushing the world beyond 1.5°C of warming— within the first 10 days of 2025, reveals new Oxfam analysis. 

The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts.