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Asia’s economic success has been paid for by poor women, who work long hours for poverty pay and do the majority of unpaid care work, according to a new report by Oxfam today.

The joint US-China statement on new domestic policy commitments and a vision for a global climate change deal underscores the importance the world’s two largest emitters place on solving the climate crisis, says Oxfam, but collective action is needed.

The BRICSAMIT have come to be considered the economic powerhouses of recent decades. Not only have these countries managed to reduce poverty but today, all eight BRICSAMIT countries occupy the top ranks as some of the most unequal countries in the world.

More money for Development is always welcome especially as there are strong needs for investment in infrastructure. The new Asian Infrastructure Investment Bank must put fighting poverty and inequality at the heart of its mission.

Establishing a new Global Climate Fund that is fair, accessible and accountable, and agreeing on a pathway for a binding agreement, are essential building blocks that must be achieved in Cancun.

$200bn could mean the difference between success and failure in Copenhagen, as the UN climate summit begins in the city today. The Summit marks the culmination of two years of international negotiations on a deal to prevent catastrophic climate change.