financement adaptation

Rich countries’ obsession with private finance means millions of poor and vulnerable people could be left to face increasingly extreme and erratic climate alone warned Oxfam today as minist

After another year of extreme weather, developing countries face a looming climate ‘fiscal cliff’ at the end of 2012. Yet new Oxfam research finds most climate finance pledges so far have been recycled funds or loans.

As financing for climate change adaptation in developing countries begins to flow, it is essential that the governance of funding at the global and country level be shaped so that the needs

For the past year we have all operated under the hangover of Copenhagen: the disappointment, suspicion, scepticism and disorientation. And while there was so much more that could have been accomplished at Cancun, the other side of these talks is a better place to be.

National self-interest and brinkmanship must not be allowed to sabotage the Cancun climate talks and risk reversing the progress made over the past two weeks, warned Oxfam on the penultimate day of the increasingly volatile Summit.

In response to the European Union’s report announced at Cancun on Fast Start Financing, Oxfam’s climate policy adviser Tracy Carty, 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.

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