Over a decade ago, developed countries committed to mobilize $100bn per year by 2020 to support developing countries to adapt and reduce their emissions. The goal is a critical part of the Paris Agreement. As 2020 draws to a close, Oxfam’s Climate Finance Shadow Report 2020 offers an assessment of progress towards this goal.
Climate finance efforts by developed countries are at a critical juncture. There are only two years before the deadline by which developed countries have committed to jointly mobilize $100bn per year to support climate action in developing countries. This briefing paper offers an assessment of progress towards this goal.
There is overwhelming evidence of the harm caused by the European Union’s current bioenergy policy to people in developing countries, to the climate and to Europe’s own sustainable development. This briefing follows the trail of destruction left by the policy on three continents.
As more than 160 countries come together to sign the Paris Climate Change Agreement, taking a critical step towards its implementation, Oxfam calls on governments to continue to confront climate change collectively and turn their commitments into action.