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All countries must use the COP20 Summit in Lima to resolve the impasse over “climate finance,” and make success possible at the critical Paris talks in December 2015, says international agency Oxfam.

In reaction to the UNFCCC NDC Synthesis report launched today, Oxfam's Global Climate Policy Lead, Nafkote Dabi, said: “Today’s report findings are appalling. The combined climate plans submitted account to a dismal 1% emissions reduction, far below the 45% reduction needed to limit global warming below 1.5 degrees, and avoid disastrous impacts on vulnerable communities."  

Responding to German Chancellor Angela Merkel’s climate finance remarks made in Berlin today, Oxfam’s Climate Change Policy Advisor Jan Kowalzig said:“It’s refreshing to see Chancellor Merkel understanding how climate finance is key to securing success at the Paris COP in December. More rich countries must now follow her call to table a credible plan that ramps up climate support for developing nations, boosting the current US$35bn a year to an annual US$100bn by 2020.""But let’s be clear here - meeting the US$100bn target by 2020 would just be fulfilling a five year old…

On Robin Hood tax/financial transaction tax Speaking at the G20 finance ministers meeting, Max Lawson, Oxfam spokesperson, said: “While the G20 squabbles, poor people from Greece to Ghana

Yesterday's vote on the European Parliament’s position vis-à-vis the COP21 was welcomed by Oxfam for highlighting the importance of climate finance for developing countries.Lies Craeynest, Climate Lead at Oxfam, said:“This vote marks a breakthrough for climate justice. The parliament’s position supports using some of the money paid by big polluters into the EU’s emission trading system for climate adaptation and mitigation objectives in developing countries. This is only fair, as many of the poorest countries in the world are hit hardest by the effects of climate change.…

Over 50 million people are in need of immediate food assistance in the Horn East and Central Africa, with numbers expected to rise significantly as the region braces for harsh, climate fuelled La Niña conditions, said Oxfam today. The warning comes as world leaders prepare to meet for a virtual Climate Ambition Summit.   

In reaction to the announcement that climate change legislation is delayed by the United States Senate, perhaps indefinitely, David Waskow of Oxfam, made the following statement:

A new study for Oxfam reveals that developing countries are pledging to cut their emissions of greenhouse gases by more than developed countries. Oxfam estimates that over 60 per cent of emissions cuts by 2020 are likely to be made by developing countries.

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.

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.