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Oxfam analysis of how climate change funds are allocated and accounted for shows very concerning trends for the world’s poorest countries and communities.
Climate finance efforts by developed countries are at a critical juncture. There are only two years before the deadline by which developed countries have committed to jointly mobilize $100bn per year to support climate action in developing countries. This briefing paper offers an assessment of progress towards this goal.
Reducing the impacts of disasters on poor people is absolutely vital. Climate/disaster risk financing could play a useful role if it is part of an approach that includes risk reduction, if it strengthens social protection, and if it has real participation from civil society.
The United Nations’ climate conference in Marrakech made it clear that the Paris Agreement is here to stay, but otherwise, did little to fix the Agreement’s biggest flaws that leave poor and climate-vulnerable countries in danger, said Oxfam.
This briefing examines reported international public climate finance flows, taking into account the funding commitments of developed countries. Oxfam’s analysis finds that the most vulnerable people and communities are being neglected by funds that should be helping them.
The amount of net financial assistance going to help developing countries fight climate change has been miscounted by tens of billions of dollars, according to a new Oxfam report released on the eve of the United Nations’ climate change conference in Morocco.
The roadmap, while long overdue, is a step forward in the world’s efforts to adapt to and combat climate change. Unfortunately, the roadmap’s projection to double the financial support to help countries adapt to climate change is nowhere near enough to ensure the needs of the most vulnerable are met, said Isabel Kreisler.
As climate talks in Germany wrap up, both poor and rich nations increasingly recognize that fixing the climate change adaptation funding gap, one of the biggest holes in the Paris Agreement, will be a major challenge at the next United Nations conference in Morocco.
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.
As more than 160 countries come together to sign the Paris Climate Change Agreement, taking a critical step towards its implementation, Oxfam calls on governments to continue to confront climate change collectively and turn their commitments into action.