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The UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.
Observers at UN Climate talks in Lima have called for strong and clear rules relating to climate finance after a scandal shows Japan is claiming funds to a coal-power plant as being ‘green.'
(Bonn, Germany) A lack of urgency imperils the likelihood of an ambitious 2015 climate agreement, Oxfam warned today as talks continued at the latest UNFCCC meeting in Bonn, Germany.
Oxfam joined civil society organizations from around the world to demand the member governments of the UN Framework Convention on Climate Change (UNFCCC) take decisive action urgently on climate change.
Speaking on the second day of the United Nations Climate Change talks in Warsaw Kelly Dent, Oxfam’s spokesperson said;
As the COP19 climate talks start, poor countries are being left with little idea about what money is available to help them cope with climate change because of murky accounting and a lack of transparency by rich countries.
Climate change will cripple the ASEAN goal of economic integration by 2015. The warning was issued today by ASEAN for a Fair, Ambitious and Binding Climate Deal (A-FAB), a regional coalition led by Greenpeace Southeast Asia and Oxfam, during a press conference at the UN climate change talks in Bangkok
New sources of climate finance must be found to curb the alarming shift in Official Development Assistance (ODA) to climate finance and to protect the development gains of recent decades.