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Our new report warns multiple climate impacts could reverse 50 years of work to end poverty. Shifting seasons are destroying harvests and causing widespread hunger - but this is just one of the multiple climate change impacts taking their toll on the world’s poorest people.

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 joins world leaders, civil society and people around the world to celebrate the adoption of the Sustainable Development Goals by world leaders at the United Nations, but cautions that progress toward them must be tangible, political and disruptive. 

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. 

Responding to the publication today of the IPCC’s Working Group III report on climate change mitigation, Oxfam’s Climate Policy Lead Nafkote Dabi said: “This IPCC report pulls no punches. It’s not about taking our foot off the accelerator anymore —it’s about slamming on the brakes. A warming planet is humanity’s biggest emergency."  

Rising food costs, climate change and dramatic changes in land tenure are increasing the reality of hunger and leaving food-insecure people feeling they “are rated as the cheapest of the cheapest”.

Oxfam joined civil society organizations from around the world to demand the member governments of the UN Framework Convention on Climate Change (UNFCCC) take decisive action urgently on climate change.

The conflict in Tigray compounded by climate-fueled locust infestations and coronavirus has left millions of people in desperate need of humanitarian aid yet access to those affected continues to be restricted, warned Oxfam today. 

The World Bank’s new assessment on the scale of finance needed to help developing countries adapt to the unavoidable impacts of climate change – $75-100bn per year on average from 2010-2050 – is a vital and timely contribution to the current climate negotiations under way in Bangkok.

The World Bank and the International Monetary Fund cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, warned Oxfam.