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In October 2024, Oxfam published “Climate Finance Unchecked,” a report diving into a significant oversight in the World Bank’s climate finance record-keeping. Specifically, the Bank’s method estimates climate finance only at the time projects are approved, with no assessment of climate finance when projects close. This might not seem like a big deal, but it’s common for projects to change during implementation —for example, adjustments to budgets, timelines and objectives. We’ve put together a short FAQ to explain what we found and why it matters.

In reaction to the announcement that climate change legislation is delayed by the United States Senate, perhaps indefinitely, David Waskow of Oxfam, made the following statement:

Speaking on the second day of the United Nations Climate Change talks in Warsaw Kelly Dent, Oxfam’s spokesperson said;

A new study for Oxfam reveals that developing countries are pledging to cut their emissions of greenhouse gases by more than developed countries. Oxfam estimates that over 60 per cent of emissions cuts by 2020 are likely to be made by developing countries.

We have said we stand in solidarity with the millions impacted by Typhoon Haiyan, and with all climate impacted people. Our solidarity compels us to tell the truth about COP 19 and to voluntarily withdraw from the Warsaw climate talks.

With 2016 on track to be the hottest year ever and a super-charged El Niño putting over 60 million lives at the mercy of unpredictable climate shocks, it’s more urgent than ever to help communities adapt to climate change, said Oxfam at the start of the United Nation’s climate conference in Bonn, Germany.

South Africa has today tabled its climate action plan for Paris, committing to put a lid on rising emissions through to 2030. How low they are able to plateau will depend on international support meaning so climate finance will be key to unlock greater ambition, says Oxfam.

Battered by cyclones and ravaged by extreme drought, poor communities in the Horn of Africa and Mozambique have found themselves on the front line of a climate crisis they did little to create.

Oxfam Executive Director Helen Szoke said: “Climate funding, urgent emissions reductions and loss and damage must not be the casualties in the eleventh hour. More adaptation funding and stronger action to curb emissions are crucial for the world’s poorest and most vulnerable communities, while people need further support where adaptation is no longer an option.”What happened to the outcome expected today?The text that the COP Presidency presented last night was ultimately a proposal on what they thought could be a platform for agreement. However, when the…

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.