Global food prices will more than double within 20 years, as a new age of crisis forces the collapse of our global food system.
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.
From East Africa to Japan, from Ivory Coast to Pakistan, the year 2011 has been marked by tragic disasters and crises, which seriously hit the most vulnerable people. Oxfam has responded to these crises, with both emergency and long-term programs, and launched a new global campaign, GROW.
In reaction to the announcement by Canada’s Environment Minister Peter Kent that Canada is to formally withdraw from the Kyoto Protocol, Oxfam’s International Climate Adviser Tim Gore, said:
Today at the UN climate change talks in Durban the European Union as a bloc has reported that it has spent €2.34 billion during 2011 as ‘fast start finance’. This is part of the EU’s €7.2 bil