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EU environment ministers could break through the dominance of China and the US that prevented progress at the Tianjin climate talks by making key decisions on climate finance when they meet in Luxembourg today, says international agency Oxfam.

Observers at UN Climate talks in Lima have called for strong and clear rules relating to climate finance after a scandal shows Japan is claiming funds to a coal-power plant as being ‘green.'

The fact that the IMF is proposing that adaptation efforts are funded by grants rather than loans is positive. But this will only work if developed countries ensure the money is there to resource this vital assistance to vulnerable countries.

The UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.

As global greenhouse emissions continue to rise, and climate change wreaks more havoc upon the people and places least responsible for the problem, rich polluting countries are now three years overdue on their promise to mobilize $100 billion a year in climate finance for low- and middle-income countries.

Jan Kowalzig, Oxfam’s climate policy advisor, responds to the release of new figures on the climate finance provided to developing countries by rich countries in the Organisation for Economic Cooperation and Development (OECD).

World leaders could make significant progress toward a climate fund for developing countries when the United Nations Climate Change Conference (UNCCC) resumes talks in Tianjin , China.

On the shape of the new 2015 climate agreement being negotiated this week, Tracy Carty, Oxfam Climate Change Policy Adviser, said:

The European Commission published today a paper on how to raise the $100 billion per year pledged by rich countries at last year’s UN climate talks in Cancun to help poor countries protect

Responding to the latest finance text that came out today, international climate change policy adviser Tim Gore said: