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Global climate finance levels are woefully insufficient to keep warming below 1.5°C or protect people from the devastating impacts of climate breakdown —and this gap is particularly evident in countries mired in conflict or that are unable to provide basic services for their communities. 

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. 

The World Bank's $200bn climate investment announcement at the UN Climate Conference COP24 is welcome, but must be new money that can help tackle poverty.

Details of the World Bank’s climate finance flows to developing countries are being poorly disclosed and may be hiding discrepancies and allowing for dubious claims, according to a new report by Oxfam.

Oxfam is concerned that local and legislative elections in Burundi have been held in a climate of tension and fear, evident in the city but also in some provinces outside. The elections have been marred by the absence of opposition parties and the independent media.

As the international community gathers in New York this week for the Horn of Africa High Level Pledging Conference, we urge global donors to address the impact of the climate injustice taking place in the region by making the financial pledges required to fully fund the humanitarian response and help address immediate and long-term needs across Ethiopia, Kenya and Somalia, where millions of people are trapped in a devastating cycle of hunger and displacement.

In response to the World Bank's 'Turn Down the Heat' report r

The World Development Report 2010 addresses how the global response to climate change can strengthen, rather than undermine, development in the world's poorest countries.

The World Bank’s board today gave the green light for an energy strategy which will limit its financing of coal-fired power plants to “rare circumstances” reflecting the lender’s increased focus on