No obligation for rich countries to provide funds. World Bank hosting and taking a hefty cut, with no clear exit strategy for an independent fund. No ref to human rights. Loans. New draft text on #LossAndDamage Fund is an absolute steaming pile.

#TC5 must Get It Right(s-based) A clear signal that the #LossAndDamage Fund will aim to do better than any other is to reinstate non-Party Board seats, esp. for affected groups such as #IndigenousPeoples, women, youth & children, persons with disabilities... #HumanRights4LDF

New OECD report on #climatefinance shows 2021 growth, but (i) still below $100bn/year promised for 2020-2025, (ii) decreasing $$ for adaptation, and (iii) most finance comes as loans, increasing debt in vulnerable countries. Not the signals #COP28 needs. oecd.org/climate-change…

🚨 𝐎𝐔𝐓 𝐓𝐎𝐃𝐀𝐘: Climate Equality Report — A Planet for the 99% The #ClimateCrisis is directly linked to economic inequality. We need to urgently address the rising costs of climate change that fall hardest on those least responsible and least able to pay. Our latest

👀 Did you watch The Great Climate Fight last night? Part 2 is on tonight at 9pm, and shows that with urgent action we CAN tackle the climate crisis. To do so, we must #MakePollutersPay. Sign our petition to demand it ➡️ bit.ly/3qT8m2L #ClimateFight #ChangeClimate

The oil & gas industry faces a moment of truth at #COP28 It must choose: keep fueling the climate crisis or embrace the shift to clean energy. Today, its efforts aren’t encouraging. It accounts for under 1% of global clean energy investment. Our report: iea.li/3R79gDf

#COP28 starts today, while climate chaos is accelerating, governments are pledging and acting well below what needed, and big polluters are capturing talks and profiteering. But we can still change course. At Oxfam International we want to see polluters pay and justice delivered to all. A🧵:

⚡️BREAKING:⚡️Decision on the operationalisation of the Loss & Damage Fund adopted! My reaction: "Amid the historic decision to operationalise the Loss and Damage Fund within a year of its establishment, addressing underlying concerns becomes critical. On one hand, rich

REACTION: Oxfam International applauds progress on #LossAndDamage fund at #COP28. "At the backdrop of monster profits for fossil energy giants [...], there are some very obvious places governments could be looking to find additional money,” said Lyndsay Walsh. oxf.am/LDprogress

With leaders in town at #COP28 , we’re watching 👀for additional pledges to Green Climate Fund second replenishment taking place. A short #ClimateFinance 🧵👇

REACTION: New climate and tax taskforce must make rich polluters pay. "Rich polluters —the top 1% and corporations that profit off the destruction of our planet —should pay for the damage caused by the climate crisis," said Nafkote Dabi. #COP28 oxf.am/taxtaskforce

PRESS RELEASE: Conflict-ravaged countries pushed into “debt traps” by climate funding. More than 50% of climate funding provided to fragile and conflict-affected states came as loans that will sink them further into debt. oxf.am/debttraps #COP28

Despite the unprecedented decision to operationalize the L&D Fund, ECO makes it clear that the job on #LossAndDamage finance is not yet finished here at #COP28UAE Parties, it is critical to raise the ambition on this critical subject in the GST and NCQG! 👉climatenetwork.org/updates/event-…

Sitting in tonight's the GST negotiations on fossil fuel phase out #COP28. Here is what countries are saying, using normal human language, a thread 👇

Pssst... 🔥Next week on January 15, Oxfam International publishes its big #inequality report, just as the annual #Davos convening kicks off🔥 Journos can contact [email protected] for an embargoed copy and interview requests.

🚨 JUST RELEASED: In the last three years the world’s 5 richest men became twice as rich: in the same time 5 billion become poorer. 🤯 As the rich & powerful politicians & business leaders meet in Davos for the World Economic Forum #WEF24, the richest 1% are being allowed to get

If we love watching shows on the wonders of nature but don’t like seeing the reality of its rampant destruction (along with solutions & stories of heroes) perhaps we should complain instead to governments & industries giving us energies, materials & products that are wrecking it?

Climate change, not the strong El Nino is the real game changer in driving the exceptional drought in Amazon river basin - home of the the largest rainforest in the world. New & worrying World Weather Attribution study worldweatherattribution.org/climate-change…