emissions

Claims today have surfaced that Europe will fall €200 million short of its previous pledge to raise €2.4bn to help poor countries cope with climate change in 2010, and by as much as €357 mi

The European Union is failing to give full details about its €7.2 billion pledge for immediate climate finance needs in developing countries. By not being fully transparent, the EU is undermining trust with developing countries.

EU Environment Ministers met today to discuss Europe's plan of action on climate change. Oxfam is calling for a 40 percent cut in emissions by 2020.

Oxfam welcomes the new European Commission proposals for advancing climate talks. However, while the EC has highlighted emissions reduction loopholes in the Copenhagen Accord, it has ignored major loopholes on climate finance.

As hopes for a legally binding deal faded in the last negotiating hours of the climate summit, Robert Bailey, Senior spokesperson for Oxfam International said: “It is shameful that after two years of blood, sweat and tears, we didn’t finish the marathon on time.

The official outcome of two years of climate negotiations was released at the UN climate talks in Copenhagen today.

African countries pulled the emergency cord in Copenhagen today as rich countries reluctance to discuss binding emissions reductions brought chaos to the negotiations.