adaptation finance

Oxfam response to the Finance section in the LCA text, which Ministers in Cancun are debating today:
 

Responding to the latest finance text that came out today, international climate change policy adviser Tim Gore said:
 

Negotiators should begin UN climate talks with far more urgency and resolve following a year of weather-related disasters, record temperatures, flooding and rising sea levels.

About Financial Transaction Tax (FTT) and innovative financing for development
 

A report on how to raise the billions of dollars needed by millions of poor people already affected by climate change must help jump start the delivery of climate financing.

The poorest people who need the most help to adapt to a changing climate are largely being bypassed by the small amount of climate funds now being disbursed, says a new Oxfam report published today at the UN climate change talks in Tianjin, China.

The European Union has failed to provide clarity about where the €7.2 billion [1] pledged at Copenhagen for immediate climate finance needs in developing countries will come from.

Oxfam International criticized today the agreement just reached by the Japanese Cabinet for watering down the country’s responsibility to contribute to global efforts to tackle climate change.

A High Level Panel to explore new ways of raising $100 billion a year to help poor countries adapt climate change and reduce their emissions was launched by the prime ministers of the UK and Ethiopia and the UN Secretary General today.

As the US, Ethiopia and European Union coalesce around a climate finance package of $100 billion, Oxfam is calling for rich countries to provide at least $200bn a year in new money to help poor countries adapt to a changing climate and reduce their emissions.