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As climate talks in Germany wrap up, both poor and rich nations increasingly recognize that fixing the climate change adaptation funding gap, one of the biggest holes in the Paris Agreement, will be a major challenge at the next United Nations conference in Morocco. 

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.

Oxfam commended the World Bank for connecting the need to tackle climate change with the urgent fight to end poverty. In a new report, the Bank warned that more than 100 million additional people could be pushed into poverty by crop failures, floods, hunger, and other shocks caused by climate change. 

At least ten million poor people face hunger this year and next due to droughts and erratic rains, influenced by climate change and the likely development of a ‘super El Niño’.

With 2016 on track to be the hottest year ever and a super-charged El Niño putting over 60 million lives at the mercy of unpredictable climate shocks, it’s more urgent than ever to help communities adapt to climate change, said Oxfam at the start of the United Nation’s climate conference in Bonn, Germany.

In “Powering the Transition,” Oxfam details how together, the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank are investing almost $5 billion in fossil fuels in the 10 Asian countries that belong to the Climate Vulnerable Forum.

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

Time is running out for ministers meeting in Paris to boost adaptation funding levels by 2020 and agree to set new improved finance targets for both adaptation and emissions reductions from when the Paris deal comes into force in 2020, Oxfam said today.

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

South Africa is facing its smallest maize harvest since 2007 this year as record-high temperatures and drought continue to hit its agricultural sector. According the government’s Crop Estimates Committee, only 7.44 million tons of maize is likely to be harvested in 2016 - that’s 25 percent less than the 9.94 million tons reaped.