Oxfam has today revealed that the richest 1% of Australians have accumulated 10 times more wealth than the bottom 50% in the past decade, as cost-of-living pressures bite and global inequality spikes. Published as political and business leaders gather in the luxury Swiss ski resort of Davos for the World Economic Forum’s annual meeting, Oxfam’s […]
In reaction to today’s UN 2023 Global Humanitarian Overview report, revealing that 339 million people are in urgent need of humanitarian aid – the highest caseload in history – Oxfam’s Global Humanitarian Director Marta Valdes Garcia said: “One in every 23 people around the world –the equivalent of nearly half of the entire population of […]
Oxfam is calling out fashion brands Zara and Jeans West for failing to commit to transparency by sharing factory locations and benchmarking garment workers’ wages, as retailers prepare for Black Friday sales and the pre-Christmas rush. The two brands have been declared the ‘naughtiest’ on the anti-poverty organisation’s annual Naughty or Nice List, which congratulates […]
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 […]
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 […]