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"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.

Development Finance International and Oxfam have produced the first index to measure the commitment of governments to reducing the gap between the rich and the poor.  

The richest 1% now have more wealth than the rest of the world combined. The fight against poverty will not be won until the inequality crisis is tackled.

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

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…

The coronavirus threatens to take many millions of lives and push billions more into poverty. Oxfam proposes two things that the G20 and other leaders can do now: develop a global public health plan and emergency response to tackle the disease head on; and create an economic rescue plan to cope with the huge economic costs precipitated by this virus. 

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.

Responding to the publication today of the IPCC’s Synthesis Report (SYR), Oxfam’s Climate Policy Lead Nafkote Dabi said: “This is, literally, the last chapter. The science shows that limiting global heating to 1.5°C is still possible —but only just. Unless we pull the emergency brake on deadly carbon pollution, ‘unheard-of’ heatwaves, storms, droughts and floods will continue to become more frequent and hit more places and people."