Reporting international climate finance remains flawed, and profoundly unfair Many rich countries are using dishonest and misleading accounting to inflate their climate finance contributions to developing countries – in 2020 by as much as 225%, according to investigations by Oxfam. Oxfam estimates between just $21-24.5 billion as the “true value” of climate finance provided in […]
Details of the World Bank’s climate finance flows to developing countries are being poorly disclosed and may be hiding discrepancies and allowing for dubious claims, according to a new report by Oxfam, In a new report “Unaccountable Accounting”, Oxfam audited the World Bank’s reported $17.2 billion climate finance FY2020 portfolio to discover it could be […]
Rich countries and multilateral donors have so far mobilised only 7% of the estimated $198.88 billion that West African countries need by 2030 to cope with the climate crisis and pursue their own green development. According to a new Oxfam study today, Climate Finance in West Africa, 62% of $11.7 billion declared by donors between […]
Less than 18 days of fossil fuel companies’ profits would cover the entire UN humanitarian appeal for 2022 Ten of the world’s worst climate hotspots – those with the highest number of UN appeals driven by extreme weather events – have suffered a 123% rise in acute hunger over just the past six years, according […]
Australia’s investment in climate solutions for the region is falling short at a time when the new Government is seeking to rebuild its reputation with our Pacific neighbours, according to a new report. In Falling Short: Australia’s role in funding fairer climate action in a warming world, an alliance led by Oxfam Australia and ActionAid […]
The amount of money required to respond to the increasing impacts of climate change-related extreme weather events like floods and drought is now eight times higher than 20 years ago, and the global community is failing to keep up, a new Oxfam report today reveals. Average annual extreme weather-related humanitarian funding appeals rose to an […]
As Australians have faced rising cost of living pressures, we have seen five new billionaires minted in a single year. Every 30 hours, a new billionaire was created during the pandemic; the same rate at which a million people could fall into extreme poverty this year, a new Oxfam brief today reveals. Profiting from Pain […]
Commenting on the 2022 federal election result, Oxfam Australia Chief Executive Lyn Morgain said: “Oxfam congratulates all candidates elected to the Australian parliament, including our new Prime Minister, Anthony Albanese, and his Labor government. “Australians have made clear their desire for a different kind of parliament to confront the challenges facing us. They want […]
Responding to the publication today of the IPCC’s Working Group III report on climate change mitigation, Oxfam’s Climate Policy Lead Nafkote Dabi said: “This IPCC report pulls no punches. The bleak and brutal truth about global warming is this: barring action on a sweeping scale, humanity faces worsening hunger, disease, economic collapse, mass migration of […]
Responding to the publication of the IPCC’s Working Group II report assessing climate change impacts, adaptation and vulnerability, Oxfam Australia’s Acting Chief Executive Anthea Spinks said: “This catalogue of pain, loss and suffering must be a wake-up call to everyone. The poorest who have done the least to contribute to climate change are suffering the […]