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A global bank tax to help poor countries survive the economic crisis must be urgently agreed, Oxfam said today ahead of the G20 meeting of finance ministers in Busan, South Korea.

Oxfam praised President Barack Obama and President Xi Jinping for officially joining their countries to the Paris climate agreement today.

As UNGA77 kicks off, Oxfam experts are engaging with a delegation in New York along with remote participation. Oxfam experts will be focused on issues including Hunger and the Global Food System, Climate Justice, the crisis in Yemen, Ukraine, COVID-19 recovery, Inequality, Education, and more. 

“The G20 reiterated previous commitments to reduce inequality, boost the participation of women in work and phase out inefficient fossil fuel subsidies. The G20 said they would draw up a proper response to the refugee and migrant challenge next year, which is too late. The world needs urgent action now, not more words.”

Today’s World Wealth Report from Capgemini shows that times have never been better for the world’s wealthiest - since 2009 more than 4.5 million new millionaires have been created, rising to a total of 15.4 million millionaires across the world last year. Yet while the wealthy prosper, 702 million people living in extreme poverty are being left behind.

The richest 1 percent of the world’s population produced as much carbon pollution in 2019 than the five billion people who made up the poorest two-thirds of humanity, reveals a new Oxfam report today. It comes ahead of the UN climate summit in Dubai, amid growing fears that the 1.5°C target for curtailing rising temperatures appears increasingly unachievable.

Millions of Africans live in extreme poverty, and are now hit hard by the global economic and climate crisis. Sub-Saharan Africa alone is expecting losses of up to $245 billion this year as a result of the global slump, which is almost seven times the amount it receives in global aid.

The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

In response to today’s publication of the Islamic Declaration on Global Climate Change at the International Islamic Climate Change Symposium in Istanbul, Lies Craeynest, Food and Climate Justice lead at Oxfam International, said:“Today’s declaration is an unprecedented call by Muslim leaders to end the destruction of Earth’s resources. It follows the recent encyclical issued by Pope Francis - the head of the Catholic Church - which warned of the need to prevent catastrophic climate change and stem growing inequality.“Muslim leaders single out wealthy nations and oil producing…

Oxfam assessed seven global agribusinesses against foundational indicators of its original Behind the Brands campaign scorecard to measure the strength of companies’ sustainability policies. This report introduces the “agribusiness scorecard” and presents the results.