More than 80 people including women and children have been killed in Mozambique, Malawi and Madagascar, and millions more urgently need clean water, shelter and food following Cyclone Freddy – the longest and strongest tropical storm on record in the Southern hemisphere – which has damaged thousands of homes, roads, and telecommunication infrastructures. Oxfam and […]
Oxfam welcomes today’s announcement that the Australian government has committed to co-sponsor Vanuatu’s bid for an International Court of Justice (ICJ) climate change advisory opinion, joining 105 other nations who have committed to co-sponsoring the resolution. This commitment is a step-up for the Australian government, who had previously expressed support for Vanuatu’s initiative. It demonstrates […]
Responding to the final communiqué of the COP27 climate talks in Sharm El-Sheikh, Egypt, Oxfam Australia Chief Executive Lyn Morgain said: “The establishment of a loss and damage fund is a monumental achievement for vulnerable developing countries and communities on the frontlines of the climate crisis. They have been calling for funding to cope with […]
Lower income countries paying the highest price as emissions and fossil fuel profits rocket An average of 189 million people per year have been affected by extreme weather-related events in developing countries since 1991 – the year that a mechanism was first proposed to address the costs of climate impacts on low-income countries – according […]
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 […]