G20 countries are receiving $136 million every day in debt repayments from the world’s poorest countries at a time when up to 828 million people are facing hunger. The “cost of living” crisis is more accurately a “cost of profit” crisis – of rising billionaire wealth and corporate mega-profits – that is driving up poverty, […]
The investments of just 125 billionaires emit 393 million tonnes of CO2e each year –– at an individual annual average that is a million times higher than 90% of humanity. Oxfam today published the report, Carbon Billionaires: The investment emissions of the World’s richest people, based on a detailed analysis of the investments of 125 […]
Oxfam Australia has condemned a renewed attempt by the NSW government to target, harass and prosecute Aboriginal cultural fishers who are already massively over-represented in fines and prosecutions. Ahead of the release of an inquiry report into cultural fishing on Monday, the government is proposing an amendment for debate next week that would expand search […]
Commenting on the federal budget, Oxfam Australia Chief Executive Lyn Morgain said: “In a world wracked by increasing inequality exacerbated by conflict, COVID-19 and climate change, this budget is a promising first step towards re-engaging with our global community. “After years of cuts and neglect, we are heartened to see this government revive our ailing […]
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 […]
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 […]
Two thirds of countries are yet to meet the target of vaccinating 70 per cent of people in all countries against COVID-19 set a year ago at the UN General Assembly, according to figures published today by Oxfam and The People’s Vaccine Alliance. The campaign groups said there had been a massive failure to deliver […]