food

Today’s proposal by the European Commission to cap support for biofuels made from food crops at 5% of the demand for energy in transport sends a welcome but long overdue message to markets

Joint NGO media reaction by Oxfam; Friends of the Earth Europe; World Economy, Ecology and Development (WEED); World Development Movement

In reaction to today’s EU Energy Ministers’ statement on their debate about Europe’s post 2020 renewable energy strategy, Natalia Alonso, Head of Oxfam’s EU office, said:

The Food and Agricultural Organisation's Food Price Index has today revealed that global food prices have remained at peak levels.

Climate change is making extreme weather much more likely. As the 2012 drought in the USA shows, extreme weather means extreme food prices.

In response to the FAO's report "

Oxfam’s food policy adviser Thierry Kesteloot said:

Today the European Parliament gave the green light to the European Markets Infrastructure Regulation (EMIR) designed to regulate shady ‘over the counter’ (OTC) derivatives. NGOs welcomed the introduction of clearing and reporting obligations for these financial products as a crucial step towards regulating vital agricultural commodity derivatives markets.

Today’s EU Finance Ministers meeting inBrussels reached a deal to resolve disagreement on regulators’ powers over clearinghouses that will handle over-the-counter (OTC) derivatives.

About innovative financing for development and climate change

EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa