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The European Union’s suggestion today of global public financing worth €22-€50 billion per year for developing countries to tackle climate change falls short of what is needed.

Europe needs ambitious targets and concrete policies to cut emissions and tacke the climate crisis, said Oxfam at the occasion of EU heads of state and governments meeting for a European Union summit in Brussels today.

Oxfam Global Ambassadors call on international negotiators to protect the world’s poor from climate catastrophe at the United Nations Climate Change Conference in Cancun.

Hundreds of European cities, regions, businesses, youth and faith groups and civil society organisations are urging European leaders to take decisive action to respond to the climate emergency by profoundly altering the way we run our societies and economies to limit temperature rise to 1.5°C.

On the eve of the Earth Day Summit, Oxfam is calling for President Biden and world leaders attending the virtual summit to urgently ramp up ambition to tackle the climate crisis.

As the second to last negotiations before Copenhagen draw to a close in Bangkok, three big sticking points remain. These issues show a lack of willingness of the EU and other industrialised countries to find common ground with developing countries.

National self-interest and brinkmanship must not be allowed to sabotage the Cancun climate talks and risk reversing the progress made over the past two weeks, warned Oxfam on the penultimate day of the increasingly volatile Summit.

Today European Finance Ministers agreed their common position for the United Nations COP 19

Two years ago, rich nations promised to deliver a legally binding climate deal in Copenhagen. Now rich countries have admitted to back peddling in order to accommodate the US.

Europe is putting a global climate deal at risk and threatening the lives of millions of the world’s poorest, said development agency Oxfam International, as Environment Ministers met today to hammer out Europe’s position for a post-2012 global deal.