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The EU position on climate finance for the Paris climate summit was adopted today by the EU Finance Ministers. Unfortunately, it falls short of what is needed to deliver a strong deal in Paris that empowers the world’s poor to cope with the current and future impacts of climate change and to develop in a less polluting way so that their carbon emissions don’t add to the climate change problem.According to Climate Action Network (CAN) Europe, Oxfam and WWF, the EU’s weak climate finance offer risks undermining its alliance with vulnerable countries in the Paris climate negotiations…

“There is still a long way to go: this is crunch time. The chance to set new funding targets from when the Paris deal comes into force in 2020 is still very much on the table and needs to stay there if developing countries are to have any hope of more support in the years ahead."

Climate change is a brutal reality confronting the world’s most vulnerable people. Their need for financial support to adapt to climate extremes is urgent and rising.

New figures released by the UN Food and Agriculture Organisation (FAO) show that the number of hungry people has risen for the third year in a row, mainly as a result of conflict and the climate crisis. However, despite the spiralling hunger and two global food price crises in a little over ten years, hunger has fallen off the political agenda.

About innovative financing for development and climate change EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa

  OXFAM REACTION: G20 finance ministers   Oxfam spokesperson Luc Lamprière said:   

The amount of money needed for UN humanitarian appeals involving extreme weather events like floods or drought is now eight times higher than 20 years ago — and donors are failing to keep up, reveals a new Oxfam brief today. For every $2 needed for UN weather-related appeals, donor countries are only providing $1.

EU finance ministers still cannot agree on decisive elements of a European Financial Transaction Tax - a missed chance for a strong signal to the climate summit in Paris.

Oxfam welcomes the fast-track ratification of the Paris climate agreement by the EU. Now, EU governments have to show their practical commitment to protect people and the planet from global warming.

Paris has been a landmark agreement, but it won’t be the last. The political world is waking up to what a transition away from fossil fuels looks like. But it has only started to understand the scale of the challenge to adapt to the impact of climate change on our food system, our humanitarian system, our economies and ultimately the livelihoods of hundreds of millions around the world. For the world’s poorest and most vulnerable, the struggle for climate justice continues.