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 […]
Nearly 90% of the country faces severe water shortages leaving 3.5 million people in extreme hunger Nearly 90% of Somalia is now in a severe drought, following three consecutive failed rain seasons. Some areas are facing their driest season in 40 years and nearly 3.5 million people are already acutely food insecure. Millions more are […]