climate adaptation finance

As global greenhouse emissions continue to rise, and climate change wreaks more havoc upon the people and places least responsible for the problem, rich polluting countries are now three years overdue on their promise to mobilize $100 billion a year in climate finance for low- and middle-income countries.

An average of 189 million people per year have been affected by extreme weather-related events in developing countries since 1991 – the year that a mechanism was first proposed to address the costs of climate impacts on low-income countries - according to a new report published today.

Many rich countries are using dishonest and misleading accounting to inflate their climate finance contributions to developing countries – in 2020 by as much as 225 percent, according to investigations by Oxfam.

The G7 must pursue windfall taxes on excess corporate profits including from those making huge returns from surging food and energy prices. The revenues can be used to fund an end to global hunger and to tackle climate change, says Oxfam.

People around the world have been adapting to change since time immemorial, but there is a cost attached to it. While people living in poverty deploy the resources, traditional knowledge and skills that they have, much more is needed. Adaptation finance is needed to support vulnerable countries and poor communities to adapt to the climate crisis.

We have said we stand in solidarity with the millions impacted by Typhoon Haiyan, and with all climate impacted people. Our solidarity compels us to tell the truth about COP 19 and to voluntarily withdraw from the Warsaw climate talks.

Private finance has a vital role to play in the global response to climate change, but it is not a substitute for public finance.

Oxfam response to the Special Report by the Intergovernmental Panel on Climate Change (IPCC) on Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation (laun

EU Finance Ministers today adopted a report on Europe’s progress towards its share of the $30 billion promised by rich countries at the 2009 Copenhagen climate summit to help poor countries

For the past year we have all operated under the hangover of Copenhagen: the disappointment, suspicion, scepticism and disorientation. And while there was so much more that could have been accomplished at Cancun, the other side of these talks is a better place to be.