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The needs of people living in poverty and suffering from the effects of climate change were mostly put aside at the “One Planet” climate change summit in Paris.

At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

Tuesday’s climate summit in Paris must boost the financial support going to help poor communities adapt to climate change. The Paris Agreement promised rich governments would mobilize $100 billion per year by 2020, with a "balance" between funding for emission cuts and climate adaptation needs. However, the adaptation pledges have fallen short.

Observers at UN Climate talks in Lima have called for strong and clear rules relating to climate finance after a scandal shows Japan is claiming funds to a coal-power plant as being ‘green.'

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.

Oxfam welcomed reports of increased climate finance pledges made by finance ministers in Lima today, but warned that only a fraction is meant to help countries most vulnerable adapt to the devastating effects of climate change.

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

South Africa has today tabled its climate action plan for Paris, committing to put a lid on rising emissions through to 2030. How low they are able to plateau will depend on international support meaning so climate finance will be key to unlock greater ambition, says Oxfam.

Today at the UN climate change talks in Durban the European Union as a bloc has reported that it has spent €2.34 billion during 2011 as ‘fast start finance’.  This is part of the EU’s €7.2 bil

“There is still a long way to go: this is crunch time. The chance to set new funding targets from when the Paris deal comes into force in 2020 is still very much on the table and needs to stay there if developing countries are to have any hope of more support in the years ahead."