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The World Bank's $200bn climate investment announcement at the UN Climate Conference COP24 is welcome, but must be new money that can help tackle poverty.

Just hours before the UN climate talks taking place in Durban (South Africa) wrap up, Oxfam Global Ambassador and photographer Helena Christensen urges ministers to agree a deal which delivers for the world’s poorest people who are already suffering from the impact of climate change.

Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia, and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals.  

New survey by Greenpeace and Oxfam ahead of Bonn climate talks where governments are discussing key climate policy priorities.

Details of the World Bank’s climate finance flows to developing countries are being poorly disclosed and may be hiding discrepancies and allowing for dubious claims, according to a new report by Oxfam.

Oxfam is concerned that local and legislative elections in Burundi have been held in a climate of tension and fear, evident in the city but also in some provinces outside. The elections have been marred by the absence of opposition parties and the independent media.

Ten of the world’s worst climate hotspots – those with the highest number of UN appeals driven by extreme weather events – have suffered a 123% rise in acute hunger over just the past six years, according to an Oxfam report published today.

EU environment ministers again acknowledged the importance of financial support for climate action in poor and vulnerable countries in the Paris climate agreement, but they must invest in the Green Climate Fund, says Oxfam.

Rich nations today published a Climate Finance Delivery Plan claiming that it will take until 2023 to meet their commitment to mobilize $100 billion each year to support poorer nations to confront the climate crisis. In response, Jan Kowalzig, Senior Climate Policy Adviser at Oxfam said: “This plan claims that rich nations will meet their target three years late, but conveniently fails to mention the money that poorer countries are owed for every year they fell short."

Members of the Disaster Emergencies Committee (DEC) are warning governments meeting at the UN climate talks in Warsaw that the devastating super typhoon that struck the Philippines is a glimpse of the future if urgent action is not taken.