
Footing the bill: fair finance for loss and damage in an era of escalating climate impacts
7 June 2022
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The world has entered a new and dangerous era of climate change impacts, causing huge loss and damage and driving up inequality in the world’s poorest countries that have contributed least to the climate crisis. Yet, new research by Oxfam estimates that nearly half of funding requirements for UN humanitarian appeals linked to extreme weather have gone unmet.
Over a decade ago, developed countries committed to mobilize $100bn per year by 2020 to support developing countries to adapt and reduce their emissions. The goal is a critical part of the Paris Agreement. As 2020 draws to a close, Oxfam’s Climate Finance Shadow Report 2020 offers an assessment of progress towards this goal.
How is climate change affecting small-scale producers in developing countries, and what role can companies play in strengthening the capacity of these producers to adapt, and in doing so, m