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True value of climate finance is a third of what developed countries report: Oxfam
Reporting international climate finance remains flawed, and profoundly unfair 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 per cent, according to investigations by Oxfam. Oxfam estimates between just $21-24.5 billion as the “true value” of climate finance…
Canada’s eight largest banks finance more than twice the total carbon footprint of the country: Oxfam report
If Canada’s eight major banks were a country, they would be the fifth-largest greenhouse gas (GHG) emitter in the world. This is one of the revelations of an exclusive report on the carbon footprint of Canada’s major banks, released today by Oxfam. The report, produced in collaboration with Institut de Recherche en Economie Contemporaine (IREC), shows…
Hunger likely to claim a life every 36 seconds in drought-stricken East Africa over next three months: Oxfam
One person is likely to die of hunger every 36 seconds between now and the end of the year in drought-stricken East Africa as the worst hit areas hurtle towards famine, Oxfam warned today. The international agency warned that the situation in Somalia, Ethiopia and Kenya is deteriorating fast. In Somalia, it is the worst…
Rich countries’ aid to West Africa to cope with climate change is insufficient and dangerously worsening debt levels
Rich countries and multilateral donors have so far mobilized only 7 per cent of the estimated $198.88 billion that West African countries need by 2030 to cope with the climate crisis and pursue their own green development. According to a new Oxfam study today, Climate Finance in West Africa, 62 per cent of $11.7 billion…