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The true value of money provided by developed countries to help developing nations respond to the climate crisis may be just a third of the amount reported, according to Oxfam estimates published today.

Today’s proposal by the European Commission to cap support for biofuels made from food crops at 5% of the demand for energy in transport sends a welcome but long overdue message to markets

Joint Media Reaction by Oxfam, CAN Europe, APRODEV, CIDSE

Government leaders, ministers, and other representatives from countries participating in the COP 23 climate summit in Bonn spoke at the start of the "high-level segment."Reacting to remarks by German chancellor Angela Merkel, Jan Kowalzig, Oxfam Germany’s climate change policy lead said:“Angela Merkel referred to Germany’s 2020 emission reduction target, but failed to explain how her next government plans to avoid the looming embarrassment of missing that target by a wide margin. This would have been a powerful way to show she’s dedicated to meeting the Paris…

Progress achieved during the past two weeks at Bonn will come to nothing if developed countries don’t scale up their ambition. The mood has been more constructive but the disagreements that derailed the Copenhagen talks are still to be resolved.

All countries must use the COP20 Summit in Lima to resolve the impasse over “climate finance,” and make success possible at the critical Paris talks in December 2015, says international agency Oxfam.

The G7 have made a stuttering start on climate but have largely neglected the plight of people living in poverty, said Oxfam at the close of the annual leaders’ summit in Germany today.

A High Level Panel to explore new ways of raising $100 billion a year to help poor countries adapt climate change and reduce their emissions was launched by the prime ministers of the UK and Ethiopia and the UN Secretary General today.

There has been an increase in international climate finance in the fight against climate change, according to a new OECD report, which Oxfam is encouraged by. 

Oxfam called on the US to join Europe in laying its climate finance cards on the table as international climate talks opened in Barcelona today.