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Aid from rich nations is likely to fall by at least $9.5 billion by the end of 2012 – the biggest drop in aid for 15 years, according to new calculations by international agency Oxfam ahead of this week’s G20 Summit (Nov 3-4).

European Commission President José Manuel Barroso promised today he would announce an extra €1 billion for the Millennium Development Goals (MDGs) at a major UN summit in New York later this month.

Oxfam congratulates António Guterres on his appointment to what is arguably one of most challenging jobs on the planet. Mr. Guterres brings a wealth of experience and leadership to the role to guide the UN in the years to come.  

Oxfam spokesperson Luc Lamprière said: Financial transaction tax:

"The establishment of a loss and damage fund is a monumental achievement for vulnerable developing countries and communities at the frontlines of the climate crisis. They have been calling for funding to cope with the devastating impacts of climate change for over 30 years.

In its proposed new Renewable Energy Directive, the European Commission has given in to the pressure of the biofuel industry lobby at the expense of people and the climate. The proposal would allow EU countries to rely on food-based biofuels to meet their 2030 climate and energy targets, notwithstanding strong evidence of their harmful impact on communities and the environment.

The World Bank and International Monetary Fund need to ditch the ‘trickle down’ economics of the past and lead the fight against inequality if they are serious about the new target to end extreme poverty by 2030.

The India climate action plan for Paris announced today contains the headline pledge to cut the carbon intensity of its economy by 33-35% by 2030. 

European Commission President Jose Manuel Barroso today threw his full support behind an EU Financial Transaction Tax (FTT) arguing that banks must make a '”contribution” back to society af

Oxfam spokesperson Luc Lampriere said: