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189 million people per year affected by extreme weather in developing countries as rich countries stall on paying climate impact costs

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 […]

True value of climate finance is a third of what developed countries report

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 […]

Doubts over accuracy and scale of World Bank climate finance may undermine trust ahead of crucial summit talks

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 […]

Statement on Australia’s decision to commit $15 million in emergency assistance to the hunger crisis in the Horn of Africa and Yemen

In response to the announcement that the Australian government is contributing $15 million towards the food security crisis in the Horn of Africa and Yemen, Anthea Spinks, Oxfam Australia’s Program Director said: “We welcome the announcement of $15 million to address the food security crisis in the Horn of Africa and Yemen as an important […]

Australia funding just one-tenth of its global fair share on climate: report

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 […]

Oxfam reaction to IPC food security report for Somalia

In response to the latest analysis from the Integrated Food Security Classification System (IPC) on the situation in Somalia, Parvin Ngala, Oxfam’s Regional Director for the Horn, East, and Central Africa said: “The situation in Somalia is rapidly deteriorating and the warning that famine is expected as early as October highlights the increasingly narrow window […]

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