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Global business leaders could make a significant contribution toward a fair and safe deal to tackle climate change when they meet at an international summit in Copenhagen beginning May 24.

In response to the announcement from US President Barack Obama and Chinese President Xi Jinping of new greenhouse gas emissions reduction targets, Heather Coleman, climate policy manager for Oxfam said: “This politically significant commitment adds new momentum to international efforts to address climate change, which is already damaging communities and contributing to hunger and poverty around the world. The US and China deserve praise for showing global…

EU finance ministers failed today to reach a deal on how to pay for climate action in developing countries – a make or break issue in international climate talks.

In 2009, high-income countries committed in the Copenhagen Accords to mobilize US$100 billion a year by 2020 in climate finance for low- and middle-income countries. Oxfam reported on the progress of this commitment in 2016, 2018 and 2020. This year’s report finds that high-income countries have not only failed to deliver on their commitment, but also – as in previous years – generous accounting practices have allowed them to overstate the level of support they have actually provided.

The European Union is rumored to be preparing just a token handout for climate action in poor countries for the next three years, with no guarantee that this money is going to come on top of existing aid commitments.

Oxfam has today warned that the $100billion a year pledged by rich nations to help fight climate change could fail the poorest people, if recent moves to deliver climate cash as loans continue.

Oxfam Global Ambassador and Hollywood actor Gael Garcia Bernal stars in a new on-line advertisement made by international agency Oxfam urging people to join the new “tck tck tck” climate change campaign.

Europe needs ambitious targets and concrete policies to cut emissions and tacke the climate crisis, said Oxfam at the occasion of EU heads of state and governments meeting for a European Union summit in Brussels today.

Norway's announcement of $230 million USD welcomed, but still a long way to go to reach the Fund's unofficial goal of $10 billion.

Environment Ministers from 45 countries will be gathering on 16 and 17 November to map out what the climate deal will look like. The meeting is an opportunity for rich countries to get the Climate Summit off on the right track and show poor countries that there is still a deal worth fighting for.