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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. 

Food inflation in some East African countries outstrips the global average leaving millions hungry, while food billionaires increased their wealth by $382bn over the last two years.

Half the world’s food is lost as waste and a billion people – one in every six of the world’s poorest – cannot access enough of the other half and so go hungry every day. Our leaders have another chance to put that right.

In response to reports that the first shipment of grain left Ukraine today, Eric Munoz, Oxfam America Food and Agriculture expert said:  “Oxfam welcomes this news but warns that lifting the grains blockade alone will not solve the global hunger crisis.”

This report describes some of the work that Oxfam International has done so far around the world in response to the coronavirus pandemic. Three months into the crisis, we have reached over 4.5m people and aim to reach 14m people by raising €100m. 

“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.”

Today’s World Wealth Report from Capgemini shows that times have never been better for the world’s wealthiest - since 2009 more than 4.5 million new millionaires have been created, rising to a total of 15.4 million millionaires across the world last year. Yet while the wealthy prosper, 702 million people living in extreme poverty are being left behind.

Today, Oxfam publishes “Takers Not Makers” as business elites gather in the Swiss resort town of Davos and, billionaire Donald Trump backed by the world’s richest man, Elon Musk, is inaugurated as President of the United States. The report shows that globally, billionaire wealth grew by $2 trillion in 2024 alone, at a rate three times faster than the previous year.

Climate change is the number one threat to human development.

The richest 1 percent of the world’s population produced as much carbon pollution in 2019 than the five billion people who made up the poorest two-thirds of humanity, reveals a new Oxfam report today. It comes ahead of the UN climate summit in Dubai, amid growing fears that the 1.5°C target for curtailing rising temperatures appears increasingly unachievable.