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"We’re concerned that too much of the focus is on the ‘insurance’ aspect; insurance doesn't actually reduce risk, and it could be unaffordable for the communities it's meant to cover," said Tracy Carty.

"This report shows world leaders are still failing to address the climate crisis —our planet is currently on track for a catastrophic global temperature rise of 2.5°C. Scientists are clear: it’s now or never to limit global warming to 1.5°C. Climate change is causing suffering across the world, and it will continue to do so. People are already being pushed from their homes, and are facing hunger and drought, floods, and other climate-induced disasters.”

The UNFCCC report on climate finance says that between $340 and $650 billion in finance for climate action is flowing globally with $40-175 billion going to developing countries each year. This report on climate finance makes one thing abundantly clear: only a small proportion of climate finance is flowing from developed countries to developing countries.

The package of measures announced by governments attending the anti-corruption summit in London today will not stop tax cheats, said Oxfam. Politicians from over 40 countries, along with World Bank and IMF representatives, attended the conference.

Today, the world produces enough to feed all seven billion of its inhabitants – but nearly a billion people still go without.

The people of Tajikistan, many already feeling the strains of climate change, will be increasingly afflicted over the next 40 years unless immediate action is taken to mitigate the e

G7 finance ministers must adopt strong commitments to tackle extreme inequality, said Oxfam today ahead of a G7 Finance Ministers meeting in Chantilly, France on 17 – 18 July.  The meeting is being held ahead of a G7 Heads of State Summit in Biarritz, France at the end of August. Oxfam is calling for G7 Ministers to support radical reforms to the global tax system to ensure wealthy corporations and individuals pay their fair share of tax. Oxfam is also calling for measures that ensure employers publish more information on the pay gap between CEOs and employees, as well as between…

China is expected to shortly submit its Intended National Determined Contribution (INDC) following a statement earlier by Chinese Premier Li Keqiang. China will lay out plans to peak its emissions and commit to delivering 20 per cent of its energy with non-fossil fuel sources by around 2030. Oxfam believes this could help catalyze action against climate change globally.Tim Gore, Oxfam's international climate adviser, said: "China’s announcement to set ambitious goals to reduce emissions and increase renewables is welcome. No other major economy has embarked on such a rapid…

The European Commission risks betraying the Paris climate agreement by suggesting that Europe is doing enough to tackle runaway climate change, says Oxfam.

Campaigners are calling for a fundamental overhaul of World Bank lending to financial markets actors, following the publication of an Ombudsman audit.