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The G20 leading economies have sidelined development and food security at their summit in Los Cabos.

At the Annual Meetings of the World Bank and the IMF in Peru this week, moves to help combat inequality and climate change were announced, but G20 finance ministers failed to adequately address the skewed international tax system, said Oxfam today.

In “Powering the Transition,” Oxfam details how together, the World Bank, the Asian Development Bank, and the Asian Infrastructure Investment Bank are investing almost $5 billion in fossil fuels in the 10 Asian countries that belong to the Climate Vulnerable Forum.

Bold attempts to prevent climate change forcing millions more people into poverty have been undermined by wealthier nations at the 24th UN Climate Change Conference, Oxfam said today.At the talks, which stalled for days in Poland, leaders from nations on the frontlines of the climate crisis and young climate activists made strong demands for all states to immediately strengthen commitments to the Paris Agreement. But a woeful lack of courage by rich nations with the highest carbon emissions meant the outcome failed to match the urgency of these demands.Simon Bradshaw, Climate…

At least ten million poor people face hunger this year and next due to droughts and erratic rains, influenced by climate change and the likely development of a ‘super El Niño’.

Climate change alert: Oxfam report reveals spiralling costs of 3 degree compared to 2 degrees warming.

Hundreds of European cities, regions, businesses, youth and faith groups and civil society organisations are urging European leaders to take decisive action to respond to the climate emergency by profoundly altering the way we run our societies and economies to limit temperature rise to 1.5°C.

Ministers must deliver on their climate finance promises and support a second wave of attack on corporate tax cheats if their Lima meeting is to succeed, said Oxfam today. 

The poorest half of the world’s population - 3.5 billion people - is responsible for just 10 percent of carbon emissions, despite being the most threatened by the catastrophic storms, droughts, and other severe weather shocks linked to climate change.  

Oxfam said it is vital that governments return to the negotiating table before the new agreement takes effect from 2020 to strengthen pledges of emissions cuts and agree to new finance levels.