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Oxfam welcomed reports of increased climate finance pledges made by finance ministers in Lima today, but warned that only a fraction is meant to help countries most vulnerable adapt to the devastating effects of climate change.

 Oxfam analysis of how climate change funds are allocated and accounted for shows very concerning trends for the world’s poorest countries and communities.

Poor countries will today leave the UN climate change negotiations in Doha with little more than they arrived with, because developed countries failed to take any meaningful collective action to prevent and address the most harmful impacts of climate change.

Today’s proposal by the European Commission to cap support for biofuels made from food crops at 5% of the demand for energy in transport sends a welcome but long overdue message to markets

Joint Media Reaction by Oxfam, CAN Europe, APRODEV, CIDSE

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.

Oxfam has displayed hundreds of migrants life jackets this week in four European cities to call on the EU to radically change their course on migration.

African countries have called for a suspension of all further talks on the Kyoto Protocol - except for discussions on rich country emissions reduction targets - until substantial progress is made on this critical issue. Hugh Cole, Climate Advisor for Oxfam in Southern Africa said: “The world’s poorest nations are faced with an impossible choice - no climate deal or a bad climate deal. Both options threaten the lives and livelihoods of millions of the worlds poorest people who are already struggling to cope with a changing climate. African leaders have agreed…

European Governments are increasingly relying on bioenergy as a cheap way to meet targets for renewable energy. Bioenergy represented 62% of EU’s renewable energy use in 2012. But new evidence on the real climate impacts and other environmental and social impacts of bioenergy has made its use increasingly controversial. 

Negotiators avoided a show-down over crunch issues like finance and increasing near term emissions cuts, but they are only delaying the inevitable. A clearer mandate from Heads of State and ministers is needed to ignite the talks and ensure key questions are answered.