How to ensure the trillions of dollars of incremental investment needed in the energy and climate-related sectors to promote low-carbon development is both socially responsible and addresses both mitigation of greenhouse gas emissions and resilience to climate change impacts?
Negotiators have given themselves the tools to build a stronger deal in Paris, but governments must now put them to good use. Oxfam will continue to press for a climate deal for the world’s poorest people. Exclusion of civil society from the process that has characterized the meeting in Bonn must not be a precedent for Paris.
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.
Proposals from Denmark, which is chairing the climate negotiations, and the emerging developing economies the content of a final deal in Copenhangen have emerged today
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.
People across the world are changing what they eat because of the rising cost of food according to a new global survey released today as part of the GROW campaign. Agriculture Ministers from the G20 countries are meeting in France next week and will discuss the global food price crisis.
New research by Oxfam and CARE Climate Justice Centre, published today, finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive - for every 5 dollars they receive they are paying 7 dollars back.
Climate-fuelled disasters were the number one driver of internal displacement over the last decade – forcing an estimated 20 million people a year from their homes. While no one is immune, it is overwhelmingly poor countries that are most at risk.
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.