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(Bonn, Germany) A lack of urgency imperils the likelihood of an ambitious 2015 climate agreement, Oxfam warned today as talks continued at the latest UNFCCC meeting in Bonn, Germany.

With its vote on the reform of the EU’s polluter-pays scheme today, the European Parliament’s Environment Committee has failed to introduce effective rules for the support of poor countries in adapting to climate change.

Many countries in Asia, including Bangladesh, Viet Nam, Indonesia, Pakistan, and the Philippines, should invest more in their governments’ capacity to protect their citizens given the region's vulnerability to climate change.

The European Commission's consultative communication published today marks t

European Commission President José Manuel Barroso gave a speech at the UN Climate Summit today, claiming the EU is setting a good example in reducing greenhouse gas emissions. 

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 UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.

Norway's announcement of $230 million USD welcomed, but still a long way to go to reach the Fund's unofficial goal of $10 billion.

Celine Charveriat, Oxfam advocacy and campaigns director said:

The European Commission today published – as part of its “summer package” – a legislative proposal to reform the EU Emissions Trading Scheme (ETS). The Commission has failed to use this key opportunity to help address a key stumbling block in the climate negotiations: the provision of predictable and additional climate finance.