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Europe needs ambitious targets and concrete policies to cut emissions and tacke the climate crisis, said Oxfam at the occasion of EU heads of state and governments meeting for a European Union summit in Brussels today.

Norway's announcement of $230 million USD welcomed, but still a long way to go to reach the Fund's unofficial goal of $10 billion.

Mr. Malpass must push the World Bank to champion policies that tackle climate change, reduce inequalities and lead to investment in free public education and health.

Governments must move quickly at this year’s first UN climate change meeting to plug the gaping deficit of funds to help developing countries adapt to climate change and lower their emissions.

Oxfam International is heartened by Secretary Clinton’s commitment to significant financial resources of $100 billion dollars a year by 2020 to help developing countries weather the negative impacts of climate change.

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

The European Commission unveiled today its vision for Europe’s climate and energy policies from now to 2030.

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

The revision of the EU’s Emission Trading Scheme (ETS) offers a unique opportunity to increase transparency and predictability of climate finance from the EU and its Member States by establishing a mechanism that automatically directs a portion of the ETS revenues as additional international climate finance. 

Following the publication of a major new report by the Global Commission on Adaptation today, Winnie Byanyima, Executive Director of Oxfam and a member of the Commission said: “For too long adaption has been treated as if it were less important than emissions reductions. This report shows we need both: much deeper and quicker cuts in emissions and much more help for vulnerable communities from the Bahamas to Mozambique who are struggling to survive in the face of this crisis.“People on the front line of the climate crisis, who did least to cause it, have been largely …