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 […]
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 […]
In response to reports that the first shipment of grain left Ukraine today, Eric Munoz Oxfam America Food and Agriculture expert said: “Oxfam welcomes this news but warns that lifting the grains blockade alone will not solve the global hunger crisis. The recent hostilities in Odessa and Mykolaiv show that the exports agreement is still […]
Yemen is facing unprecedented rises in the price of food putting millions more people in danger of catastrophic hunger, Oxfam warned today. Already exhausted by over seven years of conflict, Yemen has been hit hard by the worsening global food crises. The prices of wheat, flour, cooking oil, eggs and sugar have all increased by […]